UPDATE: Deutsche Bank Downgrades Total System Services to Hold on Low Visibility

In a report published Wednesday, Deutsche Bank analyst Bryan Keane downgraded the rating on Total System Services (NYSE: TSS ) from Buy to Hold, and lowered the price target from $28.00 to $25.00. In the report, Keane noted, “TSS reported net revenues of $404m (+2.3% Y/Y) and EPS of $0.33