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Morgan Stanley's 2014 Outlook For The Western Union Company Is Unchanged

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UPDATE: Compass Point Initiates Coverage On Western Union On Near-Term Catalysts, Ongoing Competitive Risk

In a report published Friday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on The Western Union Company (NYSE: WU).

In the report, Morgan Stanley noted, “While drivers for the underlying remittance market remain positive, WU's revenue/profit growth outlook is impaired due to an intensifying competitive environment, changes in compliance practices and rising costs. Pricing actions are helping curtail market share losses in certain key corridors, but they could destabilize WU's position as the premium priced provider. Impaired growth outlook is reflected in valuation, which remains low. Low Street expectations create likelihood for upside surprise.”

The Western Union Company closed on Thursday at $15.85.

Latest Ratings for WU

DateFirmActionFromTo
Nov 2014Compass PointInitiates Coverage onNeutral
Nov 2014Standpoint ResearchDowngradesBuyHold
Nov 2014BarclaysMaintainsUnderweight

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Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Reiteration Analyst Ratings

 

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