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Bank Of America Sees Trends Remain Mixed For The Western Union Company


In a report published Monday, Bank of America analyst Sara Gubins reiterated a Neutral rating and $18.00 price target on The Western Union Company (NYSE: WU).

In the report, Bank of America noted, “We hosted meetings with CEO Hikmet Ersek & CFO Raj Agrawal. Key takeaways: 1.) money transfer transaction trends are largely stable; 2.) WU sees significant continued growth potential in digital; 3.) WU does not plan further large price cuts (avg. prices are ~18-20% above market); 4.) B2B expectations have been tempered due to a challenging macro environment but WU still expects double-digit revenue growth longer term, 5.) WU is more focused on profitability than margin, given lower margins currently in digital and B2B & continued high levels of compliance costs.”

The Western Union Company closed on Friday at $17.54.

Latest Ratings for WU

Dec 2018Initiates Coverage OnMarket Perform
Nov 2018Initiates Coverage OnUnderweight
Nov 2018MaintainsMarket PerformMarket Perform

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Posted-In: Bank of America Sara GubinsAnalyst Color Reiteration Analyst Ratings


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