Nomura Securities Starts Western Union Co. (WU) at Neutral; Battling Creative Destruction
Tweet
Share
E-mailGet Alerts WU Hot Sheet
Price: $7.45 -0.53%
Rating Summary:
4 Buy, 20 Hold, 12 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 20 Hold, 12 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities initiates coverage on Western Union Co. (NYSE: WU) with a Neutral. PT $20.00.
Nomura analyst, Bill Carcache, said, "We believe the company will face increasing headwinds, particularly as mobile, prepaid, and Internet-based money transfer solutions continue to emerge. While we expect cash flow generation to be adequate in the near term, our key concern surrounds the terminal value of WU shares and the long-term risk of disintermediation of its 485,000-plus physical agent network. Our FY’12 and FY’13 EPS ests are $1.74 and $1.91, respectively. While our investment thesis is negative, we plan to remain on the sidelines until we see a clearer catalyst."
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 $17.58 yesterday.
Nomura analyst, Bill Carcache, said, "We believe the company will face increasing headwinds, particularly as mobile, prepaid, and Internet-based money transfer solutions continue to emerge. While we expect cash flow generation to be adequate in the near term, our key concern surrounds the terminal value of WU shares and the long-term risk of disintermediation of its 485,000-plus physical agent network. Our FY’12 and FY’13 EPS ests are $1.74 and $1.91, respectively. While our investment thesis is negative, we plan to remain on the sidelines until we see a clearer catalyst."
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 $17.58 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
- ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
- Leerink Starts Ligand Pharma (LGND) at Outperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
NomuraSign 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!
