Bank of America Merrill Lynch upgraded its rating on shares of Citrix Systems Inc. (CTXS) Friday morning to "Buy" from "Underperform." Piper Jaffray also upgraded its rating on the stock to "Neutral" from "Underweight."
Citrix Systems gapped up at the open Friday and climbed during the first half hour of trade. The stock was range-bound for the remainder of the session and finished higher by 1.52 at $71.91 on above average volume. Citrix Systems closed challenging the highs of the year, trading at over an 8 1/2 month high.
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