Goldman Sachs is out with its report today on Total System Services TSS, reiterating Buy.
In a note to clients, Goldman Sachs writes, "We reiterate our Buy rating on TSS given its exposure to a gradual
improvement in card issuance backdrop and card transaction activity. Our 12-month, $23 price target is driven by our sector-relative Investment Framework and implies a CY11E P/E of 19.5X and EV/EBITDA of 8.3X."
Shares of TSS closed Tuesday at $18.16, down 0.49% from Monday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Analyst ColorAnalyst RatingsData Processing & Outsourced ServicesGoldman SachsInformation Technology
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in