Western Union upgraded to Buy from Hold at Deutsche Bank Deutsche Bank upgraded Western Union citing favorable market dynamics and valuation. The firm raised its price target for shares to $19 from $14.
Western Union is poised to break out, says Macquarie Macquarie's recent management meeting reinforced its view that Western Union is poised to break out as the company continues to benefit from lower than expected compliance costs, which should boost margins. The analyst expects Western Union's scale and lower run rate of compliance costs will generate a strong competitive advantage over smaller money transfer players and banks and for C2C transactions growth and innovative products to drive long-term outlook. Shares are Outperform rated with a $21 price target.