Total System (TSS) Upgraded to Neutral
August 09, 2010 at 17:18 PM EDT
Given the current sustainability factor, we have upgraded our recommendation for Total System Services Inc. (TSS) from Underperform to Neutral. This was also based on overall stability that improved client activity and lower-than-expected margin decline due to the First National Merchant Solutions LLC (FNMS) deal. The company’s second quarter earnings of 25 cents came in a [...]