Goldman Sachs Upgrades Western Union Co. (WU) to Buy

April 5, 2012 6:52 AM EDT
Get Alerts WU Hot Sheet
Price: $7.29 --0%

Rating Summary:
    4 Buy, 20 Hold, 12 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 5 | New: 25
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Goldman Sachs upgraded Western Union Co. (NYSE: WU) from Neutral to Buy and revises their price target to $21, suggesting 18% upside.

The firm said recent restructuring and repositioning efforts are expected to drive an inflection point in margins. This is key for a further reset in valuation they said.

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 $17.81 yesterday.


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