BGB Securities Reiterates Convergys Buy, $18 PT

BGB Securities reiterated its Convergys CVG Buy rating and $18 price target in a research report published today. In the report, BGB Securities states, "We are reiterating our Buy rating and $18 price target after hosting investor meetings with management last week. Our key takeaway is that the changes made to the business by the CEO appointed in Feb-10 have started to impact the results." Shares of Convergys were trading at $13.34 at the time of posting, down 1.33% from Friday's market close.