As previously reported, Compass Point downgraded Western Union to Sell from Neutral and lowered its price target to $17 from $20. Analyst John Williams changed his view saying ongoing regulatory/compliance costs will have a permanent negative impact on margins, driving estimates lower near-term and on an ongoing basis, increased aggressive regulatory controls under Trump will likely scare customers and reduce volumes, and notes the company has not taken pricing action in 2+ years.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here