Citi Reiterates Hold on Citrix Systems, Slashes PT to $72

Citi reiterated its Hold rating on Citrix Systems CTXS. At the same time, the rating agency reduced its price target on the company's stock from $79 to $72. On Wednesday, CTXS lost 4.79% of its value to finish the day at $70.94. Its shares continued to slide in today's pre-market trading, falling 1.33% to stand around $70.