Macquarie Downgrades Moneygram International To Neutral

Macquarie downgraded Moneygram International Inc MGI from Outperform to Neutral. The price target for Moneygram International has been lowered from $12.00 to $11.00. Moneygram International shares have dropped 31.48 percent over the past 52 weeks, while the S&P 500 index has surged 8.40 percent in the same period. Moneygram International shares rose 1.20 percent to close at $10.12 yesterday.