BofA/Merrill Lynch upgraded Citrix Systems (NASDAQ: CTXS) from Underperform to Buy with a price target of $82. Analyst Kash Rangan sees potential value creation from spinouts and divestitures.

For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.

Shares of Citrix Systems closed at $70.39 yesterday.

Upgrades

Needham & Company Upgrades Citrix Systems (CTXS) to BuyJune 12, 2015 7:36 AM Piper Jaffray Upgrades Citrix Systems (CTXS) to NeutralJune 12, 2015 6:53 AM Citrix Systems (CTXS) Responds to Letter from Elliott ManagementJune 11, 2015 3:56 PM Citrix Comments on Letter from Elliott ManagementJune 11, 2015 3:55 PM Citrix Systems (CTXS) PT Raised to $78 at Nomura Amid Activist StakeJune 11, 2015 1:09 PM Citrix Systems (CTXS) PT Raised to $80 at Mizuho Securities on Activist StakeJune 11, 2015 9:50 AM Elliott Sends Letter to Citrix Systems (CTXS) Board; Sees Stock Price of $90 - $100 by End of FY16June 11, 2015 8:40 AM Elliott Sends Letter to Citrix Board of DirectorsJune 11, 2015 8:38 AM