Compass Point Starts Western Union Co. (WU) at Neutral
Get Alerts WU Hot Sheet
Rating Summary:
4 Buy, 20 Hold, 10 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TD Cowen Starts Grindr (GRND) at Buy
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
- Barclays Reinstates LondonMetric Property PLC (LMP:LN) (LNSPF) at Overweight
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!