Deutsche Bank Upgrades Western Union Co. (WU) to Buy

February 4, 2013 7:01 AM EST Send to a Friend
Get Alerts WU Hot Sheet
Price: $16.70 +1.64%

Rating Summary:
    8 Buy, 14 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 27 | Down: 26 | New: 17
Trade WU Now!
Join SI Premium – FREE
Deutsche Bank upgraded Western Union Co. (NYSE: WU) from Hold to Buy with a price target of $19.00 (from $14.00).

The firm comments, "Although sentiment remains negative on WU, we see a market setting up well for a WU turnaround. The macro environment appears to have bottomed globally and vols should begin to accelerate. Recent US housing starts bode well for migrant employment opportunities in construction (large migrant transfer base). Additionally, the increased likelihood of US immigration reform (WU a long-time
supporter) augurs well for WU to see increased vol. With WU resetting its strategy, we expect transaction vols to begin increasing and share gains to follow."

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 $14.38 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst PT Change, Upgrades

Related Entities

Deutsche Bank, Housing Starts

Add Your Comment