Goldman Sachs Resumes Western Union Co. (WU) at Sell
Get Alerts WU Hot Sheet
Rating Summary:
4 Buy, 20 Hold, 10 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Goldman Sachs resumed coverage on Western Union Co. (NYSE: WU) with a Sell rating and a price target of $17.00. Analyst James Schneider thinks regulatory pressures will weigh on margins as remittance volume remains tepid.
"Despite its significant valuation discount, we believe Western Union’s fundamentals will remain challenged in coming quarters due to (1) continued regulatory burdens in the US and Europe placing significant pressure on operating margins; (2) still-sluggish remittance volumes. We could be more positive on the stock if we see a significant pickup in remittances, or if the company is able to realize significant cost savings from restructuring that could drive higher margins," said Schneider.
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 $17.46 yesterday.
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