Susquehanna analyst James Friedman lowered the firm’s price target on Western Union (WU) to $12 from $13 and keeps a Neutral rating on the shares. The firm said the company continues its improving growth trajectory, with Branded Digital transactions growing 13% and revenue growing 7%. Although these decelerated slightly, the spread between Branded Digital transactions growth and revenue growth is narrowing.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you 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: