Jefferies Maintains Buy on Western Union - Western Union (NYSE:WU)

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Jefferies is out with its report today on Western Union (NYSE: WU), maintaining Buy.In a note to clients, Jefferies writes, "Earlier, WU announced its planned acquisition of Travelex's Global Business Payments division for £606M ($970M) in cash. We believe the acquisition may prove positive in the long term, as WU seeks to further penetrate the B2B cross-border payments market. But in the near-term, we think the transaction may create incremental execution risk. Importantly, we don't think this deal impacts WU's returnof cash to shareholders."At the time of posting, shares of WU were trading at $19.36, up 0.10% from Tuesday's close.

27% profit every 20 days?

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