Agilysys price target raised to $100 from $80 at Craig-Hallum

Craig-Hallum analyst George Sutton raised the firm’s price target on Agilysys (AGYS) to $100 from $80 and keeps a Buy rating on the shares. Winning a mega deal with Marriott (MAR) takes Agilysys to the next level, the firm says, requiring what could best be defined as a "bigger boat" to handle the challenges of running a larger organization. On its earnings call, management laid out a compelling plan to triple the number of rooms it will serve over the next three years. While much of that will come from Marriott, a good chunk will also come from a much larger set of customers who will find the company’s leading innovation in the space necessary for their success, the firm adds.