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Fly News Breaks for September 25, 2019
Sep 25, 2019 | 15:07 EDT
William Blair analyst Robert Napoli came away from Western Union's investor day with greater appreciation for internal efforts to become more efficient to remain a leader in enabling cross-border transactions, which are inherently complex. The analyst is encouraged by management's commitment to expand margins to about 23% by 2022, though he finds this target very challenging. While Napoli was disappointed with management's 2020-2022 revenue target of 2%-3% annual growth, he believes this target could prove conservative if new initiatives gain traction. The analyst has a Market Perform rating on the shares.