BofA Merrill Lynch analyst Jason Kupferberg believes that the pullback in Western Union shares amid the company's investor day yesterday is due to a "sell the news" reaction, noting that the company had previously disclosed some of its specific cost-savings targets. Kupferberg said he is "somewhat skeptical" of the company's consumer money transfer outlook and he also believes long-term disruption threats "remain hard to disprove," leading him to keep an Underperform rating on the stock with a $20 price target.
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