UPDATE: Citigroup Raises Price Target After Riverbed Tech Rejects Elliot Offer
January 16, 2014 at 12:58 PM EST
In a report published Thursday, Kimberly Watkins, Citigroup analyst reiterates their Buy rating on Riverbed Technologies (NYSE: RVBD ) and adjusts price target from $21 to $23. The bump comes after Riverbed rejects a $3.08 billion cash offer from Elliot Management. Watkins notes in the report, "Riverbed positively preannounced
