CSG Systems (CSGS -3.8%) slips after Citigroup cut the shares to Neutral/High Risk on valuation....

|About: CSG Systems International, ... (CSGS)|By:, SA News Editor

CSG Systems (CSGS -3.8%) slips after Citigroup cut the shares to Neutral/High Risk on valuation. The firm notes the stock's strong run this year heading into potential contract renewals with key clients Comcast (CMCSA) and Time Warner (TWX) which it believes have been priced in. Additonally, a weak sales environment implies a lack of other catalysts while the need for continued investments implies margin weakness.