Compass Point Reiterates a 'Neutral' on Western Union (WU); Raising FY13 on Solid Q1 Results
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Price: $7.30 +0.14%
Rating Summary:
4 Buy, 20 Hold, 12 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 20 Hold, 12 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Compass Point reiterates a 'Neutral' on Western Union Co. (NYSE: WU) price target raised $1 to $20.
Analyst, Douglas Greiner, said, "We raise our 2013 EPS estimate to $1.91 (previously $1.82), lifting our price target from $19 to $20. Western Union reported 17% share of the remittance market at quarter end, compared to 16% a year ago and 7% several years ago. The next largest competitor holds 5% share and the remaining share is fragmented. The company reported 500,000 agent locations in the quarter, versus in the range of 100,000 a decade ago and the long-term target of 1,000,000."
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 $17.95 yesterday.
Analyst, Douglas Greiner, said, "We raise our 2013 EPS estimate to $1.91 (previously $1.82), lifting our price target from $19 to $20. Western Union reported 17% share of the remittance market at quarter end, compared to 16% a year ago and 7% several years ago. The next largest competitor holds 5% share and the remaining share is fragmented. The company reported 500,000 agent locations in the quarter, versus in the range of 100,000 a decade ago and the long-term target of 1,000,000."
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 $17.95 yesterday.
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