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Fly News Breaks for July 2, 2015
XOOM, PYPL, EBAY, WU
Jul 2, 2015 | 08:17 EDT
After eBay's (EBAY) PayPal (PYPL) agreed to buy Xoom (XOOM), JMP Securities says that the deal will negatively affect Western Union's (WU) prices over the longer term. The firm keeps a Market Perform rating on Western Union.
News For WU;EBAY;PYPL;XOOM From the Last 2 Days
WU
Mar 26, 2024 | 08:14 EDT
Evercore ISI raised the firm's price target on Western Union to $14 from $13 and keeps an In Line rating on the shares. February U.S. payment volume growth accelerated following a soft January, with commentary from Visa (V) pointing to quarter-to-date U.S. payment volume growth through February 21 in line with the Q4 rate of 5%, the analyst tells investors. Overall, calendar Q1 data points reflect a U.S. soft-landing scenario, supporting continued, stable payment volume growth, and creating a favorable set up for most of the payment companies the firm covers, the analyst added in a Q1 preview note for the payments, processors and IT services group.