CSG Systems price target raised to $80 from $78 at Northland

Northland raised the firm’s price target on CSG Systems (CSGS) to $80 from $78 and keeps an Outperform rating on the shares. Customer Experience SaaS drove above consensus revenue, gross margin and free cash flow for Q4, notes the analyst, who adds that “robust pipeline commentary” was driven by the company’s “improved and highly differentiated SaaS product offerings.”