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UPDATE: Stifel Initiates Coverage On Western Union On Struggle To Find Bull Case

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In a report published Tuesday, Stifel analyst Christopher Brendler initiated coverage on The Western Union Company (NYSE: WU) with a Hold rating.

In the report, Stifel noted, “In our view, WU has unparalleled competitive advantages in the global remittance market with a truly global presence, enviable brand, and an unmatched compliance infrastructure. However, new tech-enabled players and traditional competitors alike are targeting WU's customers with lower priced options that are driving secular pricing pressure. With compliance/marketing adding to operating margin pressure, we struggle to find a bull case despite an attractive valuation, shareholder-friendly FCF distribution, and clear progress in 2014. As such, we rate the shares Hold.”

Western Union closed on Monday at $17.76.

Latest Ratings for WU

DateFirmActionFromTo
Nov 2019DowngradesBuyNeutral
Nov 2019MaintainsHold
Oct 2019MaintainsSell

View More Analyst Ratings for WU
View the Latest Analyst Ratings

Posted-In: Christopher Brendler StifelAnalyst Color Initiation Analyst Ratings

 

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