Morgan Stanley Starts Coverage on Western Union (WU)

Morgan Stanley Starts Coverage on Western Union (WU)

RSS

Morgan Stanley reported on Wednesday that it has begun coverage of payment services company, The Western Union Company (WU).

The firm has initiated coverage of WU with an “Equal Weight” rating.

Analyst Smittipon Srethapramote noted, “drivers of the underlying remittance market remain positive, but WU’s growth outlook is impaired by intensifying competition and share losses in key corridors that could destabilize WU’s position as the premium priced provider. Despite the stock’s recent run-up, valuation remains low. Low Street expectations leave room for upside surprises.”

Western Union shares were mostly flat during Wednesday morning trading. The stock is up 26% YTD.

The Bottom Line
Shares of The Western Union Company (WU) have a 2.92% yield, based on Wednesday morning’s price of $17.12.

The Western Union Company (WU) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today