Morgan Stanley lowered the firm’s price target on Western Union (WU) to $7 from $9 and keeps an Underweight rating on the shares. In what the firm calls “an increasingly negative macro/political environment,” Q2 results exhibited weaker trends in North America, especially in the U.S. to Mexico corridor. The firm sees challenges to durably improving the growth profile of the business and contends that the weaker macro backdrop and an intensifying competitive environment reinforces an Underweight view.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WU:
- Western Union price target lowered to $9 from $11 at Susquehanna
- Western Union price target lowered to $9 from $13 at RBC Capital
- Western Union Faces Challenges Amid Declining Revenues and Competitive Pressures
- Western Union price target lowered to $10 from $11 at Keefe Bruyette
- Western Union: Hold Rating Amid Weaker Financial Performance and Macroeconomic Challenges