Market Overview

Sterne Agee Reiterates Buy Rating, $28 PT on Total System Services

Related TSS
Wednesday Morning Earnings Reports
Marsh & McLennan Grasps New 52-Week High Ahead of Q2 Earnings
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

In a report published Wednesday, Sterne Agee Group reiterated its Buy rating and $28.00 price target on Total System Services (NYSE: TSS).

Sterne Agee noted, “Adjusting for a one-time expense, TSYS' 4Q EPS would have been in line with consensus, but more important, 2013 EPS guidance was in line with expectations. We believe the guidance will prove conservative as we expect more aggressive use of the balance sheet during the year either through buybacks or acquisitions. We are maintaining our above-consensus estimates and our $28 price target. EPS visibility remains high and the balance sheet could be a catalyst, in our view.”

Total System Services closed on Tuesday at $23.56.

Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (TSS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters