Wedbush Reiterates an 'Outperform' on TNS (NYSE: TNS); Attractive Valuation
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Wedbush reiterates an Outperform rating on TNS (NYSE: TNS), price target $36.
Wedbush analyst says, "While revenue guidance was slightly below expectations, we remain positive on TNS due to solid EPS upside, our belief that additional material upwards EPS revisions are likely, and attractive valuation...Q3 EPS exceeds expectations on in-line revenue, as margins improve...2009 EPS guidance increased due to VeriSign synergies and POS strength, though revenue guidance slightly reduced due to slipped deals...We are increasing our EPS estimates on slightly lower revenue, and believe there is still material upside to management's EPS guidance...With improved organic growth returning due to easier comps and attractive valuation at 9.6x our new EPS estimate, we find valuation attractive."
To see more analyst ratings on TNS Click Here.
TNS, Inc. provides networking, data communications, and value added services to retailers, banks, and payment processors worldwide.
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