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 Citrix Systems (NASDAQ: CTXS).
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.
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