Western Union initiated with an Underperform at Credit Suisse » 16:1301/2301/23/20
Credit Suisse analyst…
Credit Suisse analyst Timothy Chiodo initiated coverage of Western Union with an Underperform rating and $26 price target.
Western Union and Bharti Airtel to launch real-time payments in emerging markets » 11:4501/2201/22/20
Earlier on Wednesday,…
Earlier on Wednesday, Western Union and Bharti Airtel Limited announced an unprecedented milestone in global money movement across the world's significant emerging markets. The two industry leaders have come together to launch real-time payments soon into millions of Airtel Payments Bank accounts in India and Mobile Wallets across 14 countries in Africa. This key milestone follows the conclusion of new flagship collaborations with two leading subsidiaries of India's largest integrated telecom - Bharti Airtel, namely Airtel Payments Bank, India's first payments bank with millions of customers and over 500K banking points across the country and Airtel Africa plc Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries in Africa.
|Over a week ago|
Western Union builds bank account payout in China Via Du Xiaoman Financial app » 09:4801/1001/10/20
Western Union and Du…
Western Union and Du Xiaoman Financial, formerly fintech Baidu Finance, and its network of bank partners, launched Western Union international money transfers to be paid out in real-time into even more bank accounts in China, with coverage now extending to a majority of bank account holders across China. Account payout of any Western Union international money transfer can be directed via the Du Xiaoman Financial mobile app. More than 150 million Du Xiaoman Financial mobile app users can now simply route any money transfer received from across the world into their bank accounts, and receive funds in real-time, with 24/7 convenience, via the app. Global senders may use Western Union's digital services in 75 countries plus territories, or the walk-in Agent network across more than 200 countries and territories to send an international transfer. Expansion of the account payout in China further advances Western Union's unique ability to partner with a growing base of national and international tech leaders by leveraging its core assets - including global settlement capabilities, its vast network, compliance and technology systems - to enable international cross-border transfers with customer-facing innovation.
|Over a month ago|
Western Union price target raised to $31 from $28 at BTIG » 07:3312/1812/18/19
BTIG analyst Mark Palmer…
BTIG analyst Mark Palmer raised his price target on Western Union to $31 and kept his Buy rating after meeting with its CFO. The analyst says the discussion affirmed his "non-consensus bullishness" on the company's revenue and earnings growth prospects that include its white-label initiatives, AI-driven dynamic pricing, and operating margin expanding opportunities.
Amazon Web Services selected by Western Union as cloud provider » 09:0911/1911/19/19
Amazon Web Services, an…
Amazon Web Services, an Amazon (AMZN) company, announced that Western Union (WU) has selected AWS as preferred long-term strategic cloud provider, as it plans to move a significant portion of its infrastructure to the cloud. Western Union will be using AWS to build an experience for its customers who send money and payments to over 200 countries and territories through its mobile application, website and agent locations around the globe. With this move to AWS, Western Union will migrate from current datacenters to a microservices architecture, gaining the ability to build and support its applications, regardless of scale, load, or complexity. AWS's highly performant infrastructure and security tools gives Western Union the means to innovate on its global money movement platform. Western Union plans to use a mix of AWS machine learning, analytics, database, serverless, containers and security services to update its systems and products, as well as build new cloud-native applications. One key objective of the company's cloud-first strategy is to leverage AWS machine learning and analytics services to automate business operations and build self-healing capabilities into its money transfer platform. Western Union also intends to leverage Amazon Aurora and Amazon DynamoDB databases.
Western Union downgraded to Neutral on valuation at Guggenheim » 07:2111/1211/12/19
Guggenheim analyst Jeff…
Guggenheim analyst Jeff Cantwell downgraded Western Union to Neutral from Buy without a price target. The analyst sees a balanced risk/reward profile after with the shares reaching his prior price target of $28. He still likes Western Union and continues to forecast double-digit annual earnings growth over the next three years. However, the shares are now close to fair value, Cantwell tells investors in a research note.
Western Union downgraded to Neutral from Buy at Guggenheim » 06:0911/1211/12/19
Guggenheim downgraded Western Union to Neutral from Buy.
Morningstar to hold a conference » 08:5711/0611/06/19
ABG, AON, ATR, AXE, AZN, BASFY, BHP, BLK, BLKB, CMD, CME, ECL, EMN, FDX, FMS, GEL, GIS, GNTX, GPI, HBI, JKHY, LFUS, LVS, MSI, NI, NVS, NVZMY, PG, POR, SAN, SLB, SNY, SPGI, SYY, TMO, WPP, WU
Management Behind the…
Management Behind the Moat Conference will be held in November 6.
Western Union price target raised to $26 from $21 at SunTrust » 07:2511/0411/04/19
SunTrust analyst Andrew…
SunTrust analyst Andrew Jeffrey raised his price target on Western Union to $26 after its Q3 earnings beat and maintained 3-year financial targets, saying the company's efforts on re-positioning the business and taking steps to improve long term revenue growth visibility deserve credit. The analyst notes that Western Union's white Label, dynamic pricing and targeted marketing are steps are "welcome innovations", however he also keeps his Hold rating on the stock to reflect the threat of market share losses and and limited operating leverage.
Fly Intel: After Hours Movers » 18:4310/3110/31/19
CRC, LOCO, QRVO, NPTN, ERII, FTNT, X, BRKR, ACLS, MELI, FTAI, CWST, AYX, PFSI, OSPN, JCOM, AT, OEC, SSNC, BGNE, TAL, CASA, ANET, MOBL, PINS, CAR, CDNA, MTZ, PXLW, LYV, APPN, NFC, WU, AVID, KEG
UP AFTER EARNINGS: …
UP AFTER EARNINGS: California Resources (CRC) up 26.1%... El Pollo Loco (LOCO) up 14.2%... Qorvo (QRVO) up 9.8%... NeoPhotonics (NPTN) up 9.4%... Energy Recovery (ERII) up 8.4%.... Fortinet (FTNT) up 7.6%... U.S. Steel (X) up 6.9%... Bruker (BRKR) up 5.6%... Axcelis Technologies (ACLS) up 4.2%... MercadoLibre (MELI) up 3.9%... Fortress Transportation (FTAI) up 3.9%... Casella Waste Systems (CWST) up 3.9%... Alteryx (AYX) up 3.8%... PennyMac Financial (PFSI) up 3.8%... OneSpan (OSPN) up 3.8%... J2 Global (JCOM) up 2.8%... Atlantic Power (AT) up 2.6%... Orion Engineered (OEC) up 1.9%... SS&C Tech (SSNC) up 1.4%... ALSO HIGHER: BeiGene (BGNE) up 23.6% after Amgen disclosed purchase of 20.5% stake for $2.7B... TAL Education (TAL) up 1.8% after Goldman Sachs upgrade to Buy... DOWN AFTER EARNINGS: Casa Systems (CASA) down 25.6%... Arista Networks (ANET) down 24.7%... MobileIron (MOBL) down 20.1%... Pinterest (PINS) down 19.3%... Avis Budget (CAR) down 12.5%... CareDx (CDNA) down 8.8%... MasTec (MTZ) down 7.9%... PixelWorks (PXLW) down 7.5%... Live Nation (LYV) down 5.0%... Appian Corp (APPN) down 4.2%... National Fuel Gas (NFC) down 3.8%...Western Union (WU) down 1.0%. ALSO LOWER: Avid Technology (AVID) down 24.5% after negative Q3 pre-announcement... Key Energy Services (KEG) down 12% after announcing review of strategic alternatives, defaulting on debt payment. Movers as of 18:15ET.