Western Union price target lowered to $9 from $13 at RBC Capital

RBC Capital lowered the firm’s price target on Western Union (WU) to $9 from $13 and keeps a Sector Perform rating on the shares. Western Union missed expectations on revenue and adjusted EPS, due to headwinds in the U.S., stemming from the immigration policies currently impacting transactions from the U.S. into Latin America, the analyst tells investors in a research note. The firm sees the macro environment and guidance reduction as weighing on the shares, likely until proof-points of improvement are shown.