Barclays Reiterates an 'Overweight' on Western Union (WU); 3Q Likely to Support Earnings Resilience in a Challenging Environment
Tweet
Share
E-mailGet Alerts WU Hot Sheet
Price: $7.29 +1.25%
Rating Summary:
4 Buy, 20 Hold, 12 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
4 Buy, 20 Hold, 12 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Barclays reiterates an 'Overweight' on Western Union Co. (NYSE: WU) price target of $24.00.
Barclays analyst says, "We expect WU to report a resilient 3Q that should help reassure the market on economic risks. We tweaked our 2H11 transaction and revenue growth assumptions down modestly to account for a more stagnant U.S. and global economy than originally expected, but our full-year estimates remain at the higher end of guidance, which we consider much more conservatively set up into potentially slower economic trends relative to the prior recession. For 3Q, we see stable to modestly lower C2C remittance volume growth across corridors we track balanced by initiatives to accelerate growth (agent expansion in Europe and elsewhere adding new transactions; continued domestic strength; efforts to turn around the Mexico corridor) and expect margins to hold up in line with company expectations, helped by ongoing strength in the higher margin domestic business. For business payments, we see bill payment challenges continuing to be mitigated by company initiatives."
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 $16.54 yesterday.
Barclays analyst says, "We expect WU to report a resilient 3Q that should help reassure the market on economic risks. We tweaked our 2H11 transaction and revenue growth assumptions down modestly to account for a more stagnant U.S. and global economy than originally expected, but our full-year estimates remain at the higher end of guidance, which we consider much more conservatively set up into potentially slower economic trends relative to the prior recession. For 3Q, we see stable to modestly lower C2C remittance volume growth across corridors we track balanced by initiatives to accelerate growth (agent expansion in Europe and elsewhere adding new transactions; continued domestic strength; efforts to turn around the Mexico corridor) and expect margins to hold up in line with company expectations, helped by ongoing strength in the higher margin domestic business. For business payments, we see bill payment challenges continuing to be mitigated by company initiatives."
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 $16.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Etsy upgraded to buy at BofA on durable growth, buyback potential
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Ross Stores raises 2026 outlook after strong second-quarter results
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, EarningsSign 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!
