CSFB Keeps Buy Rating On CSG Systems

Analyst Susan Passoni notes that the company hiked its growth targets to reflect its pending acquisition of Kenan Systems

CSG Systems (CSGS ) shares were higher after the company said it will buy Kenan Systems from Lucent Technologies for about $300 million. The company adjusted its 2002 guidance to $660-$690 million in revenue, and $1.90-$2.05 EPS, to reflect the deal. CS First Boston maintained its buy rating on CSG.

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