Elliott Sends Letter to Citrix Systems (CTXS) Board; Sees Stock Price of $90 - $100 by End of FY16
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Needham & Company Upgrades Citrix Systems (CTXS) to Buy
June 12, 2015 7:36 AM EDTNeedham & Company upgraded Citrix Systems (NASDAQ: CTXS) from Hold to Buy with a price target of $82.00.
Analyst Scott Zeller commented, "We are upgrading Citrix Systems based on the prospect of change due to Thursdays announcement of Elliott Associates as a 7.1% holder,... More
BofA/Merrill Lynch Upgrades Citrix Systems (CTXS) to Buy
June 12, 2015 7:05 AM EDTBofA/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... More
Piper Jaffray Upgrades Citrix Systems (CTXS) to Neutral
June 12, 2015 6:53 AM EDTPiper Jaffray upgraded Citrix Systems (NASDAQ: CTXS) from Underweight to Neutral with a price target of $75.00 (from $60.00) amid shareholder activism.
Analyst Katherine Egbert commented, "Given Elliotts track record of success in unlocking shareholder value, we believe there is a high... More
Citrix Systems (CTXS) Responds to Letter from Elliott Management
June 11, 2015 3:56 PM EDTCitrix Systems, Inc. (NASDAQ: CTXS) today issued the following statement in response to a letter to the Citrix Board of Directors from Elliott Management Corp.
Citrix has always maintained an ongoing dialogue with our shareholders, and we welcome their input. We will... More
Citrix Systems (CTXS) PT Raised to $78 at Nomura Amid Activist Stake
June 11, 2015 1:09 PM EDTNomura Securities analyst Rick Sherlund bumped his price target on Citrix Systems (NASDAQ: CTXS) to $78.00 (from $70.00) after activist Investor Elliott Management has announced a 7.1% ownership interest in Citrix and has asked for a board seat as well as outlined a plan to enhance shareholder value.
Sherlund commented, "Citrix has struggled to enhance value... More
Citrix Systems (CTXS) PT Raised to $80 at Mizuho Securities on Activist Stake
June 11, 2015 9:50 AM EDTMizuho Securities analyst Abhey Lamba reiterated an Outperform rating and boosted its price target on Citrix Systems (NASDAQ: CTXS) to $80.00 (from $72.00) after Elliott announced a 7% stake in the company this morning and requested a meeting with the board.
Lamba commented, "As we have... More
UPDATE: Berenberg Downgrades Citrix Systems (CTXS) to Sell
June 9, 2015 6:47 AM EDT(Updated - June 9, 2015 8:34 AM EDT)
Berenberg downgraded Citrix Systems (NASDAQ: CTXS) from Buy to Sell with a price target of $56 (from $75). Analyst Daud Khan thinks revenue weakness and lack of visibility creates risk.
"While Citrixs management strives to rationalise costs in the business, the revenue slide continues. Q1 results were below expectations and... More
