Susquehanna lowered the firm’s price target on Western Union (WU) to $9 from $11 and keeps a Neutral rating on the shares. The firm said the company continues to deliver good results in Europe with revenue up 3% CC, but North America and Latin Americafell -11% and -10%, respectively, on deteriorating macro migration trends. While there are signs the business may have troughed, the shortfall was sufficient to take down the annual guidance.
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