BUZZ-Sage: software co at 14-yr high as brokers pare pessimism
** Sage enjoys best 1-day pct gain in a yr as soars to levels not seen in 14 yrs amid host of broker TP hikes after co reassured on targets on Wed
** Busiest stock on FTSE 100, with entire day's average volume already traded
** Citi ups TP to 475p vs 450p, Bryan Garnier lifts fair value to 425p vs 405p, Credit Suisse (NYSE: CS - news) (CS) raises its TP to 385p vs 355p & UBS moves its TP to 410p vs 390p - though most of these tgts below current share price of 450p
** In a note labelled 'Judgement day postponed, not cancelled', CS says beneath the broadly in line nos, there is no customer growth which the broker deems necessary for sustainable revenue growth
** CS reckons Sage has to invest more to stay competitive
** Says summer 2015 analyst day flagged up by new CEO will be real acid test of mgmt's conviction in medium-term outlook (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)