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Fly News Breaks for September 19, 2016
WU
Sep 19, 2016 | 09:13 EDT
As reported previously, Susquehanna analyst James Friedman downgraded Western Union to Negative from Neutral. The analyst is concerned about downside risks given the company's high multiple, increased regulatory scrutiny, and the lack of improvement in its Middle East business. Friedman, who also believes the company's outlook may be too high, lowered his price target to $17 from $20 on Western Union shares.
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