Western Union Receives a Rating Update from a Top Analyst

By Jason Carr

In a report released yesterday, Ken Usdin from Jefferies reiterated a Hold rating on Western Union (NYSE: WU), with a price target of $19. The company’s shares closed yesterday at $19.74.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 19.6% and a 88.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Western Union is Moderate Sell and the average price target is $19.64, representing a -0.5% downside.

In a report issued on October 4, SunTrust Robinson also reiterated a Hold rating on the stock with a $19 price target.

The company has a one-year high of $22.70 and a one-year low of $18.39. Currently, Western Union has an average volume of 3.11M.

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The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Consumer-to-Business; Business Solutions; and Other. The Consumer-to-Consumer segment offers multi-currency, real-time, and online money transfer transactions.