BTIG analyst Mark Palmer raised his price target on Western Union to $28 and kept his Buy rating after its first Investor Day in three and a half years. The analyst cites the management's 3-year financial outlook forecasting operating margin rising to 23% from about 20% currently along with an annual double-digit increase in earnings and $150M in total annual cost savings. Palmer states that Western Union's presentation supports his view that the company offers a "stable core remittance business supplemented by an underappreciated digital offering."
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