Wells Fargo Removes Western Union (WU) From Priority Stock List; Maintains 'Outperform' Rating

Wells Fargo maintains an 'Outperform' on Western Union Co. (NYSE: WU) and price target range of $26-$28.

Wells analyst says, "We are removing WU from the Priority Stock List (PSL). We continue to believe that WU remains attractively valued at 9.7x our 2012 EPS estimate and are quite comfortable with our outlook for double-digit EPS growth (approximately 19% in 2012) and our Outperform rating. However, as we look at our universe we believe there are other names that are more timely and more attractive. Subsequently, we are adding FleetCor Technologies (NYSE: FLT) to the PSL."

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 $18.44 yesterday.

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