Jefferies Raises Price Target On Total System Services (TSS), Momentum Continues

Jefferies raised its price target on Total System Services (NYSE: TSS) from $21 to $25 and reiterated their Buy rating, saying momentum continues.

The firm comments, "We believe TSS' 4Q print is positive for shares for 3 reasons: 1) 4Q revs beat JEFe/Street ests by 3%/2%, respectively, while EPS of $0.31 was in line, and transaction growth accelerated further, 2) '12 guidance is solid and reflects similar core top-line growth (ex. acqs & FX) as in '11, along with ~150 bps of margin expansion, and 3) TSS repurchased an additional 2.6M shares in 4Q."

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 $20.94 yesterday.

---

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

---

You May Also Be Interested In

• Jefferies Downgrades IDP Education (IEL:AU) (IDPUF) to Hold
• Seaport Global Securities Upgrades Analog Devices (ADI) to Buy, 'appears to be entering the sweet part of the cycle'
• Deutsche Bank Upgrades Target Hospitality (TH) to Buy