Barclays Maintains an 'Overweight' on Total System Services (TSS); Q1 Preview: See Continued Upside

Barclays maintains an 'Overweight' on Total System Services (NYSE: TSS) price target of $24.00.

Analyst, Darrin D. Peller, said, "We expect an in-line 1Q result from TSS when the company reports earnings on Tuesday, April 24th. We estimate North America revenue growth of 5.6% Y/Y and International revenue growth of 11% Y/Y constant currency, driven by solid growth in accounts on file from banks looking for profitable asset growth and new issuer processing conversions."

Peller cites new conversions, acquisitions and/or a meaningful stock buyback as potential catalyst(s).

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 $23.39 yesterday.

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