Agilysys price target raised to $105 from $90 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Agilysys to $105 from $90 and keeps a Buy rating on the shares following a “solid quarter.” The company has completed its product refresh, resulting in the mega Marriott win. However, Marriott has yet to roll out, and many of the newer products still need their natural reference customers. Now armed with the best, latest-generation products, its salesforce is expanding and will be tasked to monetize the opportunity, and indications of early success from the newest salespeople are “very encouraging,” the firm says.