UPDATE: Jefferies & Company Upgrades Citrix Systems to Buy, Raises PT

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

In a report published Wednesday, Jefferies & Company upgraded its rating on Citrix Systems (NASDAQ: CTXS) to Buy, and raised its price target from $70.00 to $80.00.Jefferies noted, “We upgrade CTXS to Buy and raise our PT from $70 to $80. Our upgrade is based on: i) Our most recent field work confirming that app/desktop virtualization projects remain a priority; ii) Undemanding estimates; iii) An expansion of CTXS' desktop business to a broader set of software, applications and enterprise mobility solutions; iv) Potential for better growth in the Data Center business; v) A more palatable valuation.”Citrix Systems closed on Tuesday at $68.46.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!