Oppenheimer analyst Glenn Greene upgraded TSYS to Outperform from Perform with a price target of $110. The analyst, who admits regret for being "overly conservative" on TSYS over the past two years, remains optimistic regarding the company's growth outlook and improving business mix going forward. The company's organic issuer growth remains strong and appears poised to potentially accelerate in 2019 and 2020 given its "robust" late-stage business pipeline, Greene tells investors in a research note. Further, he points out that TSYS' merchant organic growth has accelerated to low double digits, which he suspects will persist going forward.