BMO Capital lowered the firm’s price target on Western Union (WU) to $11 from $12 and keeps a Market Perform rating on the shares after its in-line Q1 results. The stock remains a show-me story, and BMO believes investors should wait for more evidence of durable revenue growth, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WU:
- Monness Crespi cuts Western Union to Sell with headwinds ‘increasingly apparent’
- Western Union downgraded to Sell from Neutral at Monness Crespi
- Western Union’s Mixed Performance: Digital Growth vs. Retail Challenges Lead to Hold Rating
- Western Union price target lowered to $11 from $12 at Keefe Bruyette
- Western Union Faces Uncertainty Amid Geopolitical Challenges and Digital Shift, Despite Strong Dividend Yield
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue