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Fly News Breaks for January 24, 2018
TSS
Jan 24, 2018 | 07:45 EDT
BMO Capital analyst Paulo Ribeiro raised his price target on Total System Services to $102 after a Q4 earnings beat and a "conservative" FY18 EPS outlook that only models a 5% benefit from a 10% lower tax rate. Ribeiro says the management has the flexibility to adjust EPS growth and margin expansion by varying how much tax savings can be allocated to investments, while also noting the company's "sustainable momentum". The analyst keeps his Outperform rating on Total System Services.
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