UPDATE: D.A. Davidson Upgrades The Western Union Company to Neutral, Lowers PT
In a report published Monday, D.A. Davidson & Co. upgraded its rating on The Western Union Company (NYSE: WU) from Underperform to Neutral, but lowered its price target from $15.00 to $13.00.
D.A. Davidson noted, “We don't expect WU shares to appreciate much over the near term, however, at current prices, downside risk appears minimal. Further, a ~4% dividend yield provides patient investors with compensation. Consequently, we are raising our rating from Underperform to NEUTRAL.”
The Western Union Company closed on Friday at $12.35.
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Tags: D.A. Davidson & Co.