After Alibaba (BABA) affiliate Ant Financial announced an agreement to acquire MoneyGram (MGI), Stifel analyst John Davis called the deal a "modest negative" for Western Union (WU) as MoneyGram may now become a stronger competitor. Also, he sees little probability of a competing bid, meaning that a Western-MoneyGram deal, which had been viewed as potential possibility, is now off the table. Davis lowered his price target on Western Union shares to $20 from $21 and keeps a Hold rating on the stock, adding that he is more concerned with the recent FTC and DOJ consumer fraud fine and continued focus on regulatory and compliance risk than he is with this deal.