Jefferies Initiates Coverage on Citrix with a Hold Rating

Symbols: CTXS
Tags: Jefferies
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According to Jefferies, Citrix (NASDAQ: CTXS) is initiated at Hold.

Jefferies said that it initiates with a HOLD and $62PT. “Our $62 PT is 20X our CY12E EV/NOPAT plus $9 of net cash/ share.”

Citrix closed yesterday at $55.96.


 
 
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