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Fly News Breaks for September 25, 2019
Sep 25, 2019 | 07:59 EDT
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.
News For WU From the Last 2 Days
Nov 12, 2019 | 07:21 EST
Guggenheim analyst Jeff Cantwell downgraded Western Union to Neutral from Buy without a price target. The analyst sees a balanced risk/reward profile after with the shares reaching his prior price target of $28. He still likes Western Union and continues to forecast double-digit annual earnings growth over the next three years. However, the shares are now close to fair value, Cantwell tells investors in a research note.