CSG Systems initiated with an Outperform at RBC Capital

RBC Capital analyst Dan Bergstrom initiated coverage of CSG Systems with an Outperform rating and $61 price target. The analyst is bullish on the company’s goal to accelerate growth and scale by growing the business to over $1.5B by 2025. Consistent organic growth, continued expansion into faster growing areas and targeted acquisitions will be key to the target while CSG’s capital allocation likely remains attractive for more value-oriented investors, the analyst tells investors in a research note.