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Compass Point Starts Western Union Co. (WU) at Neutral

November 21, 2014 6:55 AM EST
Get Alerts WU Hot Sheet
Price: $13.98 +1.97%

Rating Summary:
    4 Buy, 20 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Compass Point initiates coverage on Western Union Co. (NYSE: WU) with a Neutral rating and a price target of $20.00.

Analyst Michael Tarkan comments, "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."

For an analyst ratings summary and ratings history on Western Union Co. click here. For more ratings news on Western Union Co. click here.

Shares of Western Union Co. closed at $18.28 yesterday.



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