Total System Services (TSS) Shares Tumble as Credit Agricole Downgrades to Sell

Shares of Total System Services (NYSE: TSS) have plunged in mid-day trade following an intraday downgrade from an analyst at Credit Agricole. TSS shares are now down 3.7 percent to $18.39.

Credit Agricole now rates Total System Services a Sell, down from Underperform previously. The firm reduced its price target on the stock from $18 to $16.

The downgrade follows inline Q1 results from Total System Services Tuesday night.

Credit Agricole's new price target implies potential downside of about 13 percent from where the stock is trading Wednesday.

For more ratings news on Total System Services click here and for the rating history of Total System Services click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Bernstein remains bullish on SpaceX but sees challenges in telecom ambitions
• Piper Sandler Reiterates Overweight Rating on Patterson-UTI Energy (PTEN)