Barclays Maintains Underweight Rating for The Western Union: Here's What You Need To Know

Barclays has decided to maintain its Underweight rating of The Western Union WU and lower its price target from $17.00 to $12.00.

Shares of The Western Union are trading down 2.57% over the last 24 hours, at $13.66 per share.

A move to $12.00 would account for a 12.15% decline from the current share price.

About The Western Union

Western Union provides domestic and international money transfers through its global network of about 500,000 outside agents. It is the largest money transfer company in the world and one of only a few companies with a truly global agent network.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.