Susquehanna analyst James Friedman lowered the firm’s price target on Western Union (WU) to $11 from $12 and keeps a Neutral rating on the shares. The firm noted the company’s improved Branded Digital transactions growth rising 14% while total Consumer Money Transfer adjusted revenue ex-Iraq fell -2%. Key themes from the quarter include improvement in Europe and durable digital transaction growth, offset by weakness in North America which remains unpredictable due to geopolitical and macroeconomic factors.
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