Barclays Attends Total System Services' (TSS) Analyst Day: Three Signs For Additional Upside

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Barclays maintains an 'Overweight' on Total System Services (NYSE: TSS) price target raised from $24 to $26.

Analyst, Darrin D. Peller, said, "Yesterday, we attended TSS' analyst day in New York. Overall, we continue to see strength in fundamental drivers lending support to shares and soundly positioning TSS for mid-to-high single digit revenue growth and solid double-digit EPS growth given the leverage embedded in TSS' model."

Peller sees some positive attributes already reflected in TSS's valuation, but sees additional upside from: 1) new contract/client wins; 2) potential acquisitions (tuck-in or larger); and 3) ramp up in stock buyback program.

Peller slightly raises FY12 EPS estimate from $1.30 to $1.31 and FY13 from $1.47 to $1.50.

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 $22.65 yesterday, with a 52 week range of $15.80-$23.88.

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Barclays, Stock Buyback

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