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Susquehanna Likes Where Western Union Co. (NYSE: WU) Stands In India

November 29, 2010 11:19 AM EST Send to a Friend
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Price: $16.26 -1.39%

Rating Summary:
    8 Buy, 14 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 21 | New: 42
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Susquehanna continues to feel Positive about Western Union Co. (NYSE: WU) as they are expanding in India and are gaining customer relations with its citizens. The company has opened 10,000 retail store in India this year, putting them at around 50,000 in the country. The firm feels that this expansion is helping the company gain market share in India and is inching them to the top spot.

The firm reported that, "The India Post Office is also a WU agent, apart from doing
its own money transfers. However, our research suggests WU is trusted more because it is full fledged´┐┐ - WU advertises heavily (high brand awareness) and has many more locations providing instant money."

For more ratings news on Western Union Co. click here and for the rating history of Western Union Co. click here.

Shares of Western Union Co. closed at $18.15 yesterday.




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