Nomura Securities Maintains a 'Neutral' on Western Union (WU); Underlying Trends Softened

Nomura Securities maintains a 'Neutral' on Western Union Co. (NYSE: WU) price target of $19.00.

Analyst, Bill Carcache, said, "Western Union reported GAAP EPS of $0.44, versus our (and consensus) estimate of $0.43. Excluding the impact of a lower-than-expected tax rate, we estimate that the company would have reported a $0.01 miss relative to our expectations. Overall, the company reported lower-than-expected revenues and operating margins, as its core C2C business weakened in nearly all regions around the world."

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 $16.95 yesterday.

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