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Fly News Breaks for November 4, 2019
WU
Nov 4, 2019 | 07:25 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Western Union to $26 after its Q3 earnings beat and maintained 3-year financial targets, saying the company's efforts on re-positioning the business and taking steps to improve long term revenue growth visibility deserve credit. The analyst notes that Western Union's white Label, dynamic pricing and targeted marketing are steps are "welcome innovations", however he also keeps his Hold rating on the stock to reflect the threat of market share losses and and limited operating leverage.
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