Morgan Stanley is Looking for Near-Term Catalysts on Citrix Systems

In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “With CTXS' multiple near 5-year lows, expectations appear largely drowned out and further downside is likely limited. We lack conviction in near-term catalysts, but see the potential for either a rationalized cost structure or faster stabilization in the core business to drive upside, while the strategic value of Citrix's assets also suggests a better risk-reward at current levels.” Citrix Systems closed on Tuesday at $56.05.