Morgan Stanley Provides Color on Citrix Systems, Equal-Weight

Morgan Stanley provided color on Citrix Systems CTXS after the company's analyst day. In a research report published today, Morgan Stanley stressed its bullish view of the company, due to product upgrades and strong orders. In the report, Morgan Stanley states, "The Analyst Day and Day 1 of Synergy gave us added confidence in our bullish view on the desktop virtualization market, and CTXS' ability to lead the market. Substantial tech. enhancements in XenDesktop should reduce storage costs and improve user experience, while tablets are becoming a more important driver of the market. Continued new license momentum and strong re-orders should drive further positive revisions through the year and we continue to like the stock." In spite of its bullish view, Morgan Stanley did not change its rating on the stock from Equal-weight. At the moment, Morgan Stanley does not have a price target set on Citrix. On Wednesday. Citrix added 0.97% to its value to end the day at $82.44.