Truist raised the firm’s price target on Western Union to $13 from $10 and keeps a Hold rating on the shares after its Q2 earnings beat. The company is seeing early turnaround progress, evidenced by better sequential trends, but the risk/reward on the stock is “balanced”, the analyst tells investors in a research note. As its builds co-owned stores, Western Union risks “cannibalizing agents”, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WU:
- Western Union price target raised to $13 from $12 at JPMorgan
- Western Union raises FY23 adjusted EPS view to $1.65-$1.75, consensus $1.62
- Western Union reports Q2 adjusted EPS 51c, consensus 39c
- WU Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Western Union, DMW sign MoU to support overseas Filipino workers