Western Union (WU) - Bear of the Day
13 11월 2012 - 9:00AM
Zacks
We are downgrading our recommendation on
The Western Union
Co. (WU) to Underperform from Neutral following its third
quarter earnings release, in which the company trimmed its
full-year 2012 earnings expectations. The company slashed its
earnings guidance to a range of $1.60-$1.63 per share from a
previous estimate of $1.68-$1.72 per share.
Moreover, stiff competition and a weak global economy is taking
a toll on its performance. Western Union is facing
compliance-related issues, particularly those linked to its
Southwest Border agreement. It has also recently witnessed
challenges in its core retail money transfer business in certain
key markets.
The company is also facing strong competition from electronic
channels of money transfer. On the other hand, Western Union is
also facing management issues. Given a host of headwinds, we expect
the stock to remain under pressure in the near term.
WESTERN UNION (WU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Western Union (NYSE:WU)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Western Union (NYSE:WU)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024