Deutsche Bank Starts Total System Services (TSS) at Buy; New Accounts Should Push Organic Growth Higher

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October 6, 2011 6:34 PM EDT
Get Alerts TSS Hot Sheet
Price: $133.27 --0%

Rating Summary:
    15 Buy, 15 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 9 | New: 18
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Deutsche Bank initiates coverage on Total System Services (NYSE: TSS) with a Buy. PT $22.00.

Deutsche analyst says, "TSS is a global leader in card processing and a top-10 US merchant acquirer. In our view, by overcoming lost contracts, ramping new wins, and capitalizing on the secular growth of electronic payments, TSS will accelerate organic growth in 2012. Transaction volume, mail solicitations, and bank spending on value-added services have all increased. We believe the TSS story is still under the radar and improving fundamentals warrant further margin expansion."

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

Shares of Total System Services closed at $17.85 yesterday.

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