Morgan Stanley Raises Price Target On Total System Services On In-Line F15 Guidance

In a report published Wednesday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on Total System Services TSS, and raised the price target from $32.00 to $34.00. In the report, Morgan Stanley noted, “Another solid set of results in 4Q, but F15 guidance is just in-line with expectations. We remain EW as we see a lack of catalysts in the near term, though new leadership and initiatives in the Merchant Segment could accelerate growth in the medium term.” Total System Services closed on Tuesday at $34.22.