Jefferies Maintains a 'Buy' on Western Union Co. (WU); Positive After Meeting With Management
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Price: $13.25 -2.5%
Rating Summary:
4 Buy, 20 Hold, 10 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
4 Buy, 20 Hold, 10 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Jefferies maintains a 'Buy' on Western Union Co. (NYSE: WU) price target of $23.00.
Analyst, Jason Kupferberg, said, "Following our recent meetings with WU management, we continue to view shares as attractive for value investors (especially patient ones) because we: 1) see potential for post-'12 margin expansion, 2) think WU's increased investments in electronic channels will drive long-term growth, 3) expect active return of cash to shareholders will continue, 4) WU is a cyclical play on housing/employment recovery, 5) valuation (10x C12 P/E)."
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 $17.14 yesterday.
Analyst, Jason Kupferberg, said, "Following our recent meetings with WU management, we continue to view shares as attractive for value investors (especially patient ones) because we: 1) see potential for post-'12 margin expansion, 2) think WU's increased investments in electronic channels will drive long-term growth, 3) expect active return of cash to shareholders will continue, 4) WU is a cyclical play on housing/employment recovery, 5) valuation (10x C12 P/E)."
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 $17.14 yesterday.
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