Western Union downgraded by Citigroup with a new price target
$WU
Business Services
Consumer Discretionary
Citigroup downgraded Western Union from Buy to Neutral and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2024 | Peer Perform → Underperform | Wolfe Research | |
| 12/5/2023 | $12.00 | Market Perform | BMO Capital Markets |
| 10/20/2023 | $14.00 | Neutral | UBS |
| 4/20/2023 | Underperform → Peer Perform | Wolfe Research | |
| 4/10/2023 | Sell → Neutral | UBS | |
| 10/28/2022 | $12.00 | Neutral → Sell | UBS |
| 10/17/2022 | Neutral | Citigroup | |
| 7/20/2022 | $20.00 → $17.00 | Peer Perform → Underperform | Wolfe Research |
Q3 GAAP revenue of $1.04 billion, down 6% on a reported basis; Adjusted revenue, excluding Iraq, was up 1% Branded Digital reported revenue grew 8%, or 9% on an adjusted basis, with transactions up 15% Consumer Services revenue grew 32% on a reported basis and 15% on an adjusted basis Q3 GAAP EPS of $0.78 or adjusted EPS of $0.46 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported third quarter 2024 financial results. The Company's third-quarter revenue of $1.04 billion decreased 6% on a reported basis. The revenue decline was driven by lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rat
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer, Devin McGranahan, and Chief Financial Officer, Matt Cagwin, will host a webcast and conference call to discuss third quarter 2024 results on October 23, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A replay of the webcast will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the webinar ID, which is 947 6420 1357, and the pas
Consumer Money Transfer transactions grew 4% in Q2 led by 13% growth in Branded Digital transactions Q2 GAAP revenue of $1.07 billion, down 9% on a reported basis, or down 7% on an adjusted basis, including 7% headwind from Iraq Consumer Services revenue grew 21% on a reported basis and 14% on an adjusted basis Q2 GAAP EPS of $0.41 or adjusted EPS of $0.44 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported second quarter 2024 financial results. The Company's second-quarter revenue of $1.07 billion decreased 9% on a reported basis or decreased 7% on an adjusted basis. The revenue decline was driven by lower contribution from Iraq compared to
Western Union's first-party transactional data and deep insights into diverse audiences offer brands exceptional reach and engagement Gives businesses a unique way to deploy highly targeted messaging to multicultural consumers across a portfolio of digital channels, driving meaningful connection and brand affinity Western Union today announced a new line of business offering companies a new way to connect and engage with a diverse, multicultural audience of millions of global consumers. "For more than a century and a half, people around the world have trusted Western Union as their means to connect across borders through the power of money movement," said Bob Rupczynski, Chief Market
Q3 GAAP revenue of $1.04 billion, down 6% on a reported basis; Adjusted revenue, excluding Iraq, was up 1% Branded Digital reported revenue grew 8%, or 9% on an adjusted basis, with transactions up 15% Consumer Services revenue grew 32% on a reported basis and 15% on an adjusted basis Q3 GAAP EPS of $0.78 or adjusted EPS of $0.46 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported third quarter 2024 financial results. The Company's third-quarter revenue of $1.04 billion decreased 6% on a reported basis. The revenue decline was driven by lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rat
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer, Devin McGranahan, and Chief Financial Officer, Matt Cagwin, will host a webcast and conference call to discuss third quarter 2024 results on October 23, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A replay of the webcast will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the webinar ID, which is 947 6420 1357, and the pas
4 - Western Union CO (0001365135) (Issuer)
4 - Western Union CO (0001365135) (Issuer)
4 - Western Union CO (0001365135) (Issuer)
10-Q - Western Union CO (0001365135) (Filer)
8-K - Western Union CO (0001365135) (Filer)
10-Q - Western Union CO (0001365135) (Filer)
Wolfe Research downgraded Western Union from Peer Perform to Underperform
BMO Capital Markets initiated coverage of Western Union with a rating of Market Perform and set a new price target of $12.00
UBS resumed coverage of Western Union with a rating of Neutral and set a new price target of $14.00
SC 13G - Western Union CO (0001365135) (Subject)
SC 13G/A - Western Union CO (0001365135) (Subject)
SC 13G - Western Union CO (0001365135) (Subject)
The Western Union Company (NYSE:WU) today announced the appointment of Julie Cameron-Doe to the Company's Board of Directors, effective December 12. "Julie's breadth of finance experience, her inspiring leadership style and growth mindset will serve as great assets as we continue to progress through this period of accelerated transformation," said Devin McGranahan, President and CEO, Western Union. "As we drive toward sustainable growth, we believe that Julie's seasoned expertise in both public and private companies will be crucial in support of our next chapter to expand our value propositions for the aspiring populations of the world." Ms. Cameron-Doe brings a wealth of knowledge in b
The Western Union Company (NYSE:WU) today announces the appointment of Matthew (Matt) Cagwin as Chief Financial Officer (CFO), effective January 20, 2023. Cagwin had served as the Company's interim CFO since September 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005724/en/Matt Cagwin (Photo: Business Wire) "Matt is a talented finance executive with broad knowledge of payments and financial service," said Devin McGranahan, President and Chief Executive Officer of Western Union. "His in-depth knowledge and experience will be a valuable asset to our company as we focus on the execution of our strategy." Cagwin joined
PLANO, Texas, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Katapult, a lease-to-own platform that integrates with major e-commerce platforms to power online shopping for non-prime customers, today announced the appointment of Joyce Phillips and Jane J. Thompson to its Board of Directors, effective immediately. Ms. Phillips and Ms. Thompson were appointed to the class of directors that will stand for election at the 2022 Annual Meeting of Stockholders. "Both executives are accomplished business leaders and seasoned board members with an impressive record of achievement at the intersection of technology, finance, retail and banking," said Orlando Zayas, CEO of Katapult. "Their fresh perspective will b
Western Union's (NYSE:WU) short percent of float has risen 3.45% since its last report. The company recently reported that it has 18.71 million shares sold short, which is 7.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.98 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Western Union integration with both GraceKennedy's GKOne mobile application and Lynk mobile wallet provides Jamaican customers with choice and unparalleled access to funds sent from abroadWestern Union today announced growth in its portfolio of digital capabilities providing Jamaicans with more ways to receive cross-border remittances from virtually anywhere in the world.Jamaicans can now access Western Union money transfer services through GraceKennedy's GKOne mobile wallet app and Lynk's mobile wallet app, giving customers the option to receive money digitally. This allows for instant access to funds, 24/7, from anywhere. The addition of the two largest mobile wallets in Jamaica complement
Western Union, in coordination with its processing partner Orbit S.A., today announced the resumption of its service from the United States to Cuba, effective immediately.With service reinstated, Western Union customers are now once again able to send money from any U.S. retail location, WesternUnion.com or the Western mobile app to close family in Cuba with bank and debit card accounts at the following banks in Cuba: Banco Popular de Ahorro, Banco Metropolitano S.A. and Banco de Credito y Comercio (Bandec)."We understand our service is a crucial connection between those living in the U.S. and their family living in Cuba," said Rodrigo Garcia Estebarena, President, Western Union North Americ