Western Union Gets a Hold Rating from Susquehanna

By Carrie Williams

Susquehanna analyst James Friedman reiterated a Hold rating on Western Union (NYSE: WU) today and set a price target of $22. The company’s shares opened today at $20.50.

According to TipRanks.com, Friedman is a 5-star analyst with an average return of 15.7% and a 74.7% success rate. Friedman covers the Technology sector, focusing on stocks such as Automatic Data Processing, DXC Technology Company, and Alliance Data Systems.

Currently, the analyst consensus on Western Union is Moderate Sell and the average price target is $19.83, representing a -3.3% downside.

In a report released today, Mizuho Securities also upgraded the stock to Hold with a $18 price target.

Based on Western Union’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.4 billion and quarterly net profit of $236 million. In comparison, last year the company earned revenue of $1.37 billion and had a GAAP net loss of $355 million.

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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.