Market Overview

Morgan Stanley Downgrades The Western Union Company On Challenging Long-Term Outlook


In a report published Monday, Morgan Stanley analyst Smittipon Srethapramote downgraded the rating on The Western Union Company (NYSE: WU) from Equal-Weight to Underweight, and lowered the price target from $17.00 to 16.00.

In the report, Morgan Stanley noted, “We believe that WU's profitability may continue to remain pressured over the medium-term from both rising competition and rising costs. Valuation appears reasonable, but we see downside risk to consensus estimates and see better risk/reward elsewhere.”

The Western Union Company closed on Friday at $17.00.

Latest Ratings for WU

Nov 2019DowngradesBuyNeutral
Nov 2019MaintainsHold
Oct 2019MaintainsSell

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Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Downgrades Analyst Ratings


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