Jefferies Updates Estimates on Total System Services (TSS) Following 2Q; Reiterates Hold

Jefferies reiterated a Hold rating on Total System Services (NYSE: TSS), and raised the price target to $55.00 (from $50.00), following the company's 2Q earnings report. Following the call, Jefferies updated F16 net revenue/adjusted cash EPS estimates from $3,095M/$2.83 to $3,062.1M/ $2.80.

Analyst Jason Kupferberg commented, "Following TSS' F2Q16 earning releases, we are updating our F16 and F17 revs/ EPS estimates. We are also increasing our price target to $55 (from $50) and maintaining our Hold rating."

For an analyst ratings summary and ratings history on Total System Services click here. For more ratings news on Total System Services click here.

Shares of Total System Services closed at $51.33 yesterday.

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