Wells Fargo Maintains Equal-Weight on CSG Systems Intl, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Berg has maintained an Equal-Weight rating on CSG Systems International (NASDAQ:CSGS) and reduced the price target from $50 to $48.

May 02, 2024 | 2:00 pm
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Wells Fargo has maintained an Equal-Weight rating on CSG Systems International and lowered the price target from $50 to $48.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in CSGS's stock price. The Equal-Weight rating suggests that the analyst sees the company as adequately valued at its current price, but the lowered target indicates a revision of the expected future performance.
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