Citi Reiterates Hold on Citrix Systems

Citi is out with its report today on Citrix Systems

, reiterating Hold. In a note to clients, Citi writes, "We continue to believe that shares likely embed an overly optimistic view of the long-term desktop opportunity (most share value is here), but we don't see anything near-term that will reverse current excitement around this opportunity. We reiterate hold rating with $79 target." Shares of CTXS closed Wednesday at $82.44, up 0.97% from Tuesday's close.