Skip to main content

Market Overview

MoneyGram Downgraded At Macquarie; M&A Rumors Aren't Enough


In a report published Wednesday, Macquarie analyst Kevin McVeigh downgraded the rating on Moneygram International Inc (NASDAQ: MGI) from Outperform to Neutral, with an $11 price target. The analyst believes that the risk/reward profile of the stock is "underwhelming," with limited upside and lack of near term catalysts.

The stock has surged about 22 percent on speculations of The Western Union Company (NYSE: WU) being in talks to acquire Moneygram. Western Union has, however, denied being in any discussions with the company. The analyst believes that the strength in Moneygram's stock valuation offers an opportunity to invest in Xoom Corp. (NASDAQ: XOOM).

Although Xoom's stock has also rallied in recent times, there are several near-term catalysts that could drive further upside. The stock is also expected to benefit from the continuing shift to mobile payments.

The EPS estimates for 2015, 2016 and 2017 for Moneygram have, however, been remained unchanged.

Latest Ratings for MGI

Jan 2021Northland Capital MarketsUpgradesMarket PerformOutperform
Aug 2020Evercore ISI GroupUpgradesUnderperformIn-Line
Sep 2019BarclaysMaintainsUnderweight

View More Analyst Ratings for MGI
View the Latest Analyst Ratings


Related Articles (MGI)

View Comments and Join the Discussion!

Posted-In: Macquarie ResearchAnalyst Color Downgrades Analyst Ratings

Latest Ratings

CMRXHC Wainwright & Co.Maintains18.0
PZZAStephens & Co.Maintains115.0
STAACanaccord GenuityMaintains150.0
DGIICanaccord GenuityMaintains25.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
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