Market Overview

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

Share:

In a report published Friday, Compass Point analyst Michael Tarkan initiated coverage on The Western Union Company (NYSE: WU) with a Neutral rating and $20.00 price target.

In the report, Compass Point noted, “We are assuming coverage of Western Union, Inc. (WU) with a Neutral rating and $20 price target. WU is the leading global money transfer and payment provider, with services offered in more than 200 countries. Western Union's brand recognition, expansive network, and geographic diversification have provided insulation against industry-wide pricing pressure and a heightened regulatory environment; and management has remained the most active among peers in returning capital to shareholders through buybacks and dividends. However, the company is not immune to competitive headwinds and while we see some catalysts ahead, current valuation appears balanced, with shares trading at 11x our 2015 EPS estimate and 10x our 2016 estimate.”

Western Union closed on Thursday at $18.28.

Latest Ratings for WU

DateFirmActionFromTo
Nov 2019DowngradesBuyNeutral
Nov 2019MaintainsHold
Oct 2019MaintainsSell

View More Analyst Ratings for WU
View the Latest Analyst Ratings

Posted-In: Compass Point Michael TarkanAnalyst Color Initiation Analyst Ratings

 

Related Articles (WU)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
MAVRaymond JamesMaintains5.0
SBHDA DavidsonDowngrades12.5
FVRRBank of AmericaUpgrades
VBIVRaymond JamesInitiates Coverage On3.0
SACHLadenburg ThalmannInitiates Coverage On
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Benzinga's Top Initiations

Imperial Capital Lowers JetBlue Price Target