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May 12, 2013
18:21 EDTWUWestern Union shares could jump to $19 in the next 12 months, Barron's says
Driven by lower money transfer prices, Western Union's shares could see $19 this year and stay in the low $20s afterward, as the economy improves and transactions increase, Barron's contends in a Feature article. Reference Link
News For WU From The Last 14 Days
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July 2, 2015
16:28 EDTWUOn The Fly: Top stock stories for Thursday
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13:09 EDTWUOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory but have moved into negative ground in early afternoon trading. The nonfarm payrolls report showed that job growth slowed in June and the unemployment rate ticked down as many left the labor force. The news flow is expected to slow with investors preparing for the Independence Day weekend and the trading has been listless as is typical in the trading session prior to a long leave. However, U.S. investors will be returning to big news, either positive or negative, on Monday following the Greek referendum that is scheduled to occur on July 5. ECONOMIC EVENTS: In the U.S., the monthly nonfarm payrolls report showed the addition of 223,000 jobs, versus expectations for 233,000 jobs to have been added last month. The unemployment rate fell to 5.3% from the prior month’s 5.5% rate. Initial jobless claims rose 10,000 to 281,000 in the week ended June 27, versus expectations for 270,000 first-time claims. Factory orders fell 1.0% in May, which was larger than the expected 0.5% decline. In Europe, Greek finance minister Yanis Varoufakis said he would resign from his post if the nation's referendum on bailout terms results in a "Yes" vote. COMPANY NEWS: Shares of BP (BP) trading in New York rose more than 5% after the oil major announced it has reached agreements in principle to settle all U.S. federal and state claims arising from the Deepwater Horizon accident and spill in 2010. BP said it will pay up to $18.7B to settle the claims and that the expected impact of its agreements would be to increase the cumulative pre-tax charge associated with the accident and spill by around $10B from $43.8B at the end of the first quarter... Managed healthcare company Centene (CNC) announced a definitive agreement to acquire managed health care services rival Health Net (HNT) in a cash and stock deal valued at approximately $6.8B, including the assumption of approximately $500M of debt. Under the terms of the deal, Health Net shareholders would receive 0.622 shares of Centene common stock and $28.25 in cash for each share of Health Net common stock, which is equal to implied consideration of $78.57 per share based on Centene’s closing stock price on July 1. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which was 1.5% higher in afternoon trading after the company announced this morning that President Renee James informed the board that she will be stepping down to pursue an external CEO role. Also higher was Xoom (XOOM), which gained 22% after eBay's (EBAY) soon-to-be split PayPal (PYPL) unit announced last night that it has agreed to acquire the digital money transfer provider for $25 per share in cash. Among the noteworthy losers was Western Union (WU), which slipped about 6% after Evercore ISI downgraded the stock to Hold and JMP Securities said that PayPal's deal for Xoom will negatively affect Western Union's prices over the longer term. Also lower were shares of Triple-S Management (GTS), which fell xxx% after Wells Fargo downgraded the stock to Underperform, the firm's equivalent to a "sell" rating, saying Puerto Rico's "crumbling" economy puts the company's earnings at risk. INDEXES: Near midday, the Dow was down 54.98, or 0.31%, to 17,702.93, the Nasdaq was down 20.30, or 0.4%, to 4,992.83, and the S&P 500 was down 5.11, or 0.25%, to 2,072.31.
10:00 EDTWUOn The Fly: Analyst Downgrade Summary
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09:46 EDTWUWestern Union drops after PayPal buys Xoom
Shares are down over 5% to $19.33 following PayPal's acquisition of Xoom (XOOM). At current price next support is at $19.02 and then at $18.72. Resistance is at $19.74.
08:57 EDTWUAnalysts split on impact to Western Union from PayPal deal
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08:17 EDTWUWestern Union has negative read through from Xoom deal, says JMP Securities
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06:00 EDTWUWells sees minimal impact to peers from Xoom buyout
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05:49 EDTWUCompetitive bid for Xoom is possible, says SunTrust
SunTrust analyst Andrew Jeffrey believes eBay (EBAY) unit PayPal's acquisition agreement with Xoom (XOOM) could invite a competitive bid. In a note to investors last night titled "Steal Of The Century," Jeffrey writes Xoom's "one-of-a-kind cross-border remittance franchise and market-leading ACH risk management technology" could bring other suitors. At $890M or $25 per share, PayPal is paying a compelling price, the analyst argues. He sees Xoom's takeover as potentially threatening to Western Union’s (WU) business. Jeffrey has a Buy rating on Xoom with a $29 price target. Following the company's merger agreement with PayPal, the shares traded up $4.40 to $25.10 last night in after-hours trading. PayPal is looking to acquire Xoom ahead of its planned separation from eBay.
July 1, 2015
20:56 EDTWUWestern Union downgraded to Hold from Buy at Evercore ISI
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June 29, 2015
15:45 EDTWUWestern Union to expand money transfer services with BANSEFI Mexico
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