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Hot Stocks
MoneyGram reports 106% year-over-year digital transaction growth in June » 11:52
07/09/20
07/09
11:52
07/09/20
11:52
MGI

MoneyGram

$2.86 /

-0.08 (-2.72%)

MoneyGram International…

MoneyGram International reported 106% year-over-year digital transaction growth in June, stating that "strong consumer demand for its leading digital capabilities and customer-centric app continues to grow." Each component of the digital business - MoneyGram Online, digital partnerships, and sends directly to a wallet or bank account - contributed to the strong overall digital growth in June, MoneyGram stated. The company also announced the expansion of its consumer direct channel and online presence to Iceland.

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MGI MoneyGram
$2.86 /

-0.08 (-2.72%)

MGI MoneyGram
$2.86 /

-0.08 (-2.72%)

06/10/20
Fly Intel: Top five analyst downgrades
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/06/20 Barclays
MoneyGram price target lowered to $1 from $2 at Barclays
MGI MoneyGram
$2.86 /

-0.08 (-2.72%)

MGI MoneyGram
$2.86 /

-0.08 (-2.72%)

MGI MoneyGram
$2.86 /

-0.08 (-2.72%)

MGI MoneyGram
$2.86 /

-0.08 (-2.72%)

Over a week ago
Upgrade
Western Union upgraded to Outperform from Market Perform at Northland » 07:49
07/01/20
07/01
07:49
07/01/20
07:49
WU

Western Union

$21.62 /

+0.34 (+1.60%)

Northland analyst Mike…

Northland analyst Mike Grondahl upgraded Western Union to Outperform from Market Perform with a price target of $26, up from $15. Western Union's late March and April were "rough," but Grondahl believes transactions have recovered better than expected, with May being down "only" 7% year-over-year and momentum continuing into June, the analyst tells investors. He also notes that digital money transfer transactions were up 99% year-over-year in May, which marked further acceleration from the previous two months.

ShowHide Related Items >><<
WU Western Union
$21.62 /

+0.34 (+1.60%)

WU Western Union
$21.62 /

+0.34 (+1.60%)

06/10/20
Fly Intel: Top five analyst downgrades
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
WU Western Union
$21.62 /

+0.34 (+1.60%)

WU Western Union
$21.62 /

+0.34 (+1.60%)

WU Western Union
$21.62 /

+0.34 (+1.60%)

WU Western Union
$21.62 /

+0.34 (+1.60%)

Hot Stocks
MoneyGram announces partnership with Digital Financial Services » 14:34
06/25/20
06/25
14:34
06/25/20
14:34
MGI

MoneyGram

$3.29 /

+0.14 (+4.44%)

MoneyGram International…

MoneyGram International announced a partnership with Digital Financial Services, a joint venture of Etisalat and also Noor Bank, which was acquired earlier this year by Dubai Islamic Bank. "The partnership enables millions of eWallet customers to make cross-border money transfers in real-time to friends and family in over 200 countries and territories through an expansive network of mobile wallet operators, bank account deposit services, and walk-in locations," the company said.

ShowHide Related Items >><<
MGI MoneyGram
$3.29 /

+0.14 (+4.44%)

MGI MoneyGram
$3.29 /

+0.14 (+4.44%)

06/10/20
Fly Intel: Top five analyst downgrades
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/06/20 Barclays
MoneyGram price target lowered to $1 from $2 at Barclays
MGI MoneyGram
$3.29 /

+0.14 (+4.44%)

MGI MoneyGram
$3.29 /

+0.14 (+4.44%)

MGI MoneyGram
$3.29 /

+0.14 (+4.44%)

MGI MoneyGram
$3.29 /

+0.14 (+4.44%)

Hot Stocks
MoneyGram announces partnership with South Korea's Global Money Express » 11:19
06/23/20
06/23
11:19
06/23/20
11:19
MGI

MoneyGram

$3.35 /

+0.1 (+3.08%)

MoneyGram International…

MoneyGram International announced a partnership with Global Money Express Co., which it calls "one of the largest money transfer and payment fintech companies in South Korea." The partnership enables GME customers to connect to the MoneyGram platform and distribution network in over 200 countries and territories and "will especially benefit consumers who send money from South Korea to China and South Asia," MoneyGram stated. Kamila Chytil, MoneyGram Chief Operating Officer and leader of the company's digital business, added: "We recently reported 100% year-over-year digital transaction growth May. Our new partnership with GME, one of the fastest-growing fintech companies in a key market, will further support this strong digital growth."

ShowHide Related Items >><<
MGI MoneyGram
$3.35 /

+0.1 (+3.08%)

MGI MoneyGram
$3.35 /

+0.1 (+3.08%)

06/10/20
Fly Intel: Top five analyst downgrades
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/06/20 Barclays
MoneyGram price target lowered to $1 from $2 at Barclays
MGI MoneyGram
$3.35 /

+0.1 (+3.08%)

MGI MoneyGram
$3.35 /

+0.1 (+3.08%)

MGI MoneyGram
$3.35 /

+0.1 (+3.08%)

MGI MoneyGram
$3.35 /

+0.1 (+3.08%)

Hot Stocks
Western Union partners with AXA over insurance services » 11:58
06/18/20
06/18
11:58
06/18/20
11:58
WU

Western Union

$21.63 /

-0.24 (-1.10%)

, AXAHY

AXA

$0.00 /

+ (+0.00%)

Western Union (WU)…

Western Union (WU) announced a new strategic partnership with AXA (AXAHY) to leverage Western Union's global omni-channel platform to deliver affordable life and disability insurance offerings to consumers in France, sending money via www.westernunion.com to 10 African countries. The partnership will initially be a pilot program which Western Union and AXA hope to grow and scale over time. "This partnership shows the power of our global cross-border, cross-currency payments platform," said Western Union CEO Hikmet Ersek. "Our long-term goal is to leverage our platform and digital capabilities to forge more partnerships and become a financial services ecosystem. In enabling third parties, including banks and other financial institutions, to tap into our ecosystem capabilities, these companies can offer similar services for their customers. We are pleased to offer insurance services in collaboration with AXA to serve our customers and their families who both know and trust Western Union."

ShowHide Related Items >><<
WU Western Union
$21.63 /

-0.24 (-1.10%)

WU Western Union
$21.63 /

-0.24 (-1.10%)

06/10/20
Fly Intel: Top five analyst downgrades
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
AXAHY AXA
$0.00 /

+ (+0.00%)

05/11/20 Morgan Stanley
AXA price target raised to EUR 24.90 from EUR 24.40 at Morgan Stanley
04/29/20 Deutsche Bank
AXA price target lowered to EUR 24.5 from EUR 28 at Deutsche Bank
04/21/20 Morgan Stanley
AXA price target lowered to EUR 24.40 from EUR 25 at Morgan Stanley
03/11/20 Berenberg
AXA upgraded to Buy from Hold at Berenberg
WU Western Union
$21.63 /

-0.24 (-1.10%)

WU Western Union
$21.63 /

-0.24 (-1.10%)

AXAHY AXA
$0.00 /

+ (+0.00%)

WU Western Union
$21.63 /

-0.24 (-1.10%)

WU Western Union
$21.63 /

-0.24 (-1.10%)

Earnings
MoneyGram raises Q2 revenue view to approx. $275M, consensus $249.85M » 08:34
06/17/20
06/17
08:34
06/17/20
08:34
MGI

MoneyGram

$3.17 /

+0.03 (+0.96%)

MoneyGram said in a…

MoneyGram said in a regulatory filing that "As previously announced, MoneyGram International reported 100% year-over-year digital transaction growth in May. In addition, the Company's walk-in business has begun to recover in many parts of the world. These trends have continued through the first half of June. Based on these trends, we expect second quarter 2020 revenue to be approximately $275 million on a constant currency basis. Combined with disciplined expense management, the Company now expects to deliver Adjusted EBITDA of approximately $55 million on a constant currency basis for the second quarter of 2020. In light of these improvements in operating results, effective June 27, 2020 for U.S. employees and July 1, 2020 for non-U.S. employees, the Board of Directors of the Company has approved returning the salaries of all employees, including Executive Officers of the Company, to the levels that were in place prior to the previously-announced 20% non-hourly employee salary reductions. The Board of Directors also approved returning non-employee director cash retainers to pre-reduction levels effective with the third quarter payment."

ShowHide Related Items >><<
MGI MoneyGram
$3.17 /

+0.03 (+0.96%)

MGI MoneyGram
$3.17 /

+0.03 (+0.96%)

06/10/20
Fly Intel: Top five analyst downgrades
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/06/20 Barclays
MoneyGram price target lowered to $1 from $2 at Barclays
MGI MoneyGram
$3.17 /

+0.03 (+0.96%)

MGI MoneyGram
$3.17 /

+0.03 (+0.96%)

MGI MoneyGram
$3.17 /

+0.03 (+0.96%)

MGI MoneyGram
$3.17 /

+0.03 (+0.96%)

Over a month ago
Downgrade
Fly Intel: Top five analyst downgrades » 09:50
06/10/20
06/10
09:50
06/10/20
09:50
CSCO

Cisco

$47.53 /

-0.5 (-1.04%)

, WU

Western Union

$23.80 /

-0.6 (-2.46%)

, MGI

MoneyGram

$3.60 /

-0.11 (-2.96%)

, CVX

Chevron

$99.80 /

-1.75 (-1.72%)

, UAL

United Airlines

$40.84 /

-3.79 (-8.49%)

, JBLU

JetBlue

$13.12 /

-1.07 (-7.54%)

, MU

Micron

$52.20 /

-0.97 (-1.82%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cisco (CSCO) downgraded to Neutral from Outperform at Baird with analyst Jonathan Ruykhaver saying the current COVID-driven environment could lead to a de-emphasis on the corporate network, which would be a headwind to Cisco. 2. Western Union (WU) downgraded to Neutral from Buy at BofA with analyst Jason Kupferberg stating the stock has outperformed the S&P500 by 870bps since the start of April thanks to the broader market rotation to value names, the media speculation about the merger with MoneyGram (MGI), and the better than expected mid-quarter update last week. 3. Chevron (CVX) downgraded to Underperform from Sector Perform at RBC Capital with analyst Biraj Borkhataria saying its current multi-year high premium valuation leaves limited room for further outperformance. 4. United Airlines (UAL) downgraded to Neutral from Overweight and JetBlue (JBLU) downgraded to Underweight from Neutral at JPMorgan with analyst Jamie Baker stating he does not believe the "current pace of equity ascent" in the U.S. Airlines sector can be maintained for much longer. 5. Micron (MU) downgraded to Neutral on valuation at Wedbush with analyst Matt Bryson believing the stock is fully valued. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link

ShowHide Related Items >><<
WU Western Union
$23.80 /

-0.6 (-2.46%)

UAL United Airlines
$40.84 /

-3.79 (-8.49%)

MU Micron
$52.20 /

-0.97 (-1.82%)

MGI MoneyGram
$3.60 /

-0.11 (-2.96%)

JBLU JetBlue
$13.12 /

-1.07 (-7.54%)

CVX Chevron
$99.80 /

-1.75 (-1.72%)

CSCO Cisco
$47.53 /

-0.5 (-1.04%)

CSCO Cisco
$47.53 /

-0.5 (-1.04%)

06/10/20 Baird
Baird downgrades Cisco to Neutral on shift away from corporate network
06/10/20 Baird
Cisco downgraded to Neutral from Outperform at Baird
05/29/20 Morgan Stanley
Cisco to add valuable technology with ThousandEyes deal, says Morgan Stanley
05/18/20 Wedbush
Apple yet again caught in U.S./China Tensions, says Wedbush
WU Western Union
$23.80 /

-0.6 (-2.46%)

06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/08/20 Wells Fargo
Western Union downgraded to Underweight from Equal Weight at Wells Fargo
MGI MoneyGram
$3.60 /

-0.11 (-2.96%)

04/06/20 Barclays
MoneyGram price target lowered to $1 from $2 at Barclays
04/03/20 Northcoast
Northcoast cuts estimates for MoneyGram and Western Union
CVX Chevron
$99.80 /

-1.75 (-1.72%)

06/10/20
Chevron cut to Underperform at RBC Capital on valuation
06/10/20 RBC Capital
Chevron downgraded to Underperform from Sector Perform at RBC Capital
06/09/20
BofA moves 'up the risk curve' in oil, upgrades Occidental, downgrades Chevron
06/09/20 BofA
Chevron downgraded to Neutral from Buy at BofA
UAL United Airlines
$40.84 /

-3.79 (-8.49%)

06/10/20 JPMorgan
United Airlines downgraded to Neutral from Overweight at JPMorgan
06/10/20 JPMorgan
JPMorgan downgrades JetBlue to Underweight on valuation after rally
06/10/20 JPMorgan
United Airlines downgraded to Neutral from Overweight at JPMorgan
06/05/20 Credit Suisse
American stock reaction to demand commentary 'confounding,' says Credit Suisse
JBLU JetBlue
$13.12 /

-1.07 (-7.54%)

06/10/20 JPMorgan
JetBlue downgraded to Underweight from Neutral at JPMorgan
06/08/20
Fly Intel: Top five analyst upgrades
06/08/20 BofA
BofA upgrades JetBlue to Neutral, says 'leisure rebound is real'
MU Micron
$52.20 /

-0.97 (-1.82%)

06/10/20 Wedbush
Micron downgraded to Neutral on valuation at Wedbush
06/10/20 Wedbush
Micron downgraded to Neutral from Outperform at Wedbush
06/04/20 Deutsche Bank
Micron comments 'reasonable' despite mixed checks, says Deutsche Bank
05/28/20 Cleveland Research
Micron downgraded to Neutral from Buy at Cleveland Research
WU Western Union
$23.80 /

-0.6 (-2.46%)

UAL United Airlines
$40.84 /

-3.79 (-8.49%)

MU Micron
$52.20 /

-0.97 (-1.82%)

MGI MoneyGram
$3.60 /

-0.11 (-2.96%)

JBLU JetBlue
$13.12 /

-1.07 (-7.54%)

CVX Chevron
$99.80 /

-1.75 (-1.72%)

CSCO Cisco
$47.53 /

-0.5 (-1.04%)

WU Western Union
$23.80 /

-0.6 (-2.46%)

UAL United Airlines
$40.84 /

-3.79 (-8.49%)

MU Micron
$52.20 /

-0.97 (-1.82%)

JBLU JetBlue
$13.12 /

-1.07 (-7.54%)

CVX Chevron
$99.80 /

-1.75 (-1.72%)

CSCO Cisco
$47.53 /

-0.5 (-1.04%)

WU Western Union
$23.80 /

-0.6 (-2.46%)

UAL United Airlines
$40.84 /

-3.79 (-8.49%)

MU Micron
$52.20 /

-0.97 (-1.82%)

MGI MoneyGram
$3.60 /

-0.11 (-2.96%)

JBLU JetBlue
$13.12 /

-1.07 (-7.54%)

CVX Chevron
$99.80 /

-1.75 (-1.72%)

CSCO Cisco
$47.53 /

-0.5 (-1.04%)

WU Western Union
$23.80 /

-0.6 (-2.46%)

UAL United Airlines
$40.84 /

-3.79 (-8.49%)

MU Micron
$52.20 /

-0.97 (-1.82%)

MGI MoneyGram
$3.60 /

-0.11 (-2.96%)

JBLU JetBlue
$13.12 /

-1.07 (-7.54%)

CVX Chevron
$99.80 /

-1.75 (-1.72%)

CSCO Cisco
$47.53 /

-0.5 (-1.04%)

Downgrade
Western Union downgraded to Neutral from Buy at BofA » 06:15
06/10/20
06/10
06:15
06/10/20
06:15
WU

Western Union

$24.40 /

-0.43 (-1.73%)

, MGI

MoneyGram

$3.74 /

+0.41 (+12.31%)

BofA analyst Jason…

BofA analyst Jason Kupferberg downgraded Western Union (WU) to Neutral from Buy with a $26 price target. The stock has outperformed the S&P500 by 870bps since the start of April thanks to the broader market rotation to value names, the media speculation about the merger with MoneyGram (MGI), and the better than expected mid-quarter update last week, the analyst tells investors in a research note. Kupferberg adds that Western Union's consumers are more resilient than expected when the pandemic began, but the reisk-reward on the stock is becoming more balanced.

ShowHide Related Items >><<
WU Western Union
$24.40 /

-0.43 (-1.73%)

MGI MoneyGram
$3.74 /

+0.41 (+12.31%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

06/10/20 BofA
Western Union downgraded to Neutral from Buy at BofA
06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/08/20 Wells Fargo
Western Union downgraded to Underweight from Equal Weight at Wells Fargo
04/06/20 Barclays
Western Union price target lowered to $18 from $25 at Barclays
MGI MoneyGram
$3.74 /

+0.41 (+12.31%)

04/06/20 Barclays
MoneyGram price target lowered to $1 from $2 at Barclays
04/03/20 Northcoast
Northcoast cuts estimates for MoneyGram and Western Union
03/24/20 Northland
Northland downgrades MoneyGram to Market Perform on coronavirus lockdowns
WU Western Union
$24.40 /

-0.43 (-1.73%)

MGI MoneyGram
$3.74 /

+0.41 (+12.31%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

MGI MoneyGram
$3.74 /

+0.41 (+12.31%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

MGI MoneyGram
$3.74 /

+0.41 (+12.31%)

Downgrade
Western Union downgraded to Neutral from Buy at BofA » 06:05
06/10/20
06/10
06:05
06/10/20
06:05
WU

Western Union

$24.40 /

-0.43 (-1.73%)

BofA analyst Jason…

BofA analyst Jason Kupferberg downgraded Western Union to Neutral from Buy.

ShowHide Related Items >><<
WU Western Union
$24.40 /

-0.43 (-1.73%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/08/20 Wells Fargo
Western Union downgraded to Underweight from Equal Weight at Wells Fargo
04/06/20 Barclays
Western Union price target lowered to $18 from $25 at Barclays
04/03/20 Northcoast
Northcoast cuts estimates for MoneyGram and Western Union
WU Western Union
$24.40 /

-0.43 (-1.73%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

WU Western Union
$24.40 /

-0.43 (-1.73%)

Hot Stocks
MoneyGram reports May digital transactions up 100% » 08:49
06/09/20
06/09
08:49
06/09/20
08:49
MGI

MoneyGram

$3.33 /

-0.01 (-0.30%)

MoneyGram International…

MoneyGram International reported 100% year-over-year digital transaction growth in May - a significant acceleration from the Q1 where the company reported 57% growth. Overall digital growth in May was driven by the following components: MoneyGram Online, the company's direct to consumer channel, delivered 107% year-over-year transaction growth in May, with over 80% of transactions completed on a mobile device; Digital partnerships, driven by key partners in Asia Pacific and Middle East, accelerated from 67% year-over-year transaction growth in April to 92% growth in May; Account deposit & mobile wallet transactions increased 156% in May which is an acceleration from the first quarter where the company reported 80% year-over-year transaction growth. Growth has been driven by markets such as the Philippines where sends to mobile wallets have increased over 200% compared to the prior year.

ShowHide Related Items >><<
MGI MoneyGram
$3.33 /

-0.01 (-0.30%)

MGI MoneyGram
$3.33 /

-0.01 (-0.30%)

06/02/20 BTIG
Western Union-Money Gram review could note more online competition, says BTIG
04/06/20 Barclays
MoneyGram price target lowered to $1 from $2 at Barclays
04/03/20 Northcoast
Northcoast cuts estimates for MoneyGram and Western Union
03/24/20 Northland
Northland downgrades MoneyGram to Market Perform on coronavirus lockdowns
MGI MoneyGram
$3.33 /

-0.01 (-0.30%)

MGI MoneyGram
$3.33 /

-0.01 (-0.30%)

MGI MoneyGram
$3.33 /

-0.01 (-0.30%)

MGI MoneyGram
$3.33 /

-0.01 (-0.30%)

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