UPDATE: Baird Lowers Citrix Rating, Down Nearly 10 Percent

In a report released Thursday morning, Steven Ashley of Baird downgraded Citrix Systems (NASDAQ: CTXS ) from Outperform to Neutral, lowering price target from$75 to $64. The report defends their downgrade: "1) modestly lower-than-expected Desktop license in 4Q13; 2) the prospects for tougher VDI competition going forward; 3) the realities of