Stifel downgraded CSG Systems (CSGS) to Hold from Buy with a price target of $80.70, up from $70, after NEC Corporation agreed to acquire CSG for $80.70 per share in cash. The firm is not expecting competing bids for CSG, the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSGS:
- CSG Systems downgraded to Market Perform from Outperform at Northland
- CSG Systems downgraded to Market Perform from Outperform at William Blair
- Midday Fly By: Nvidia hits $5T market cap, Boeing takes big 777X charge
- CSG Systems downgraded to Neutral from Buy at Sidoti
- CSG Systems downgraded to Perform from Outperform at Oppenheimer