RBC Capital analyst Dan Bergstrom raised the firm’s price target on CSG Systems (CSGS) to $69 from $58 and keeps an Outperform rating on the shares. The company reported a “positive” quarter that was highlighted by organic growth of 5%, the analyst tells investors in a research note. RBC liked the number of new deals, good renewals and that last year’s repositioning around profitability continues to pay dividends, the firm adds.
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