These Analysts Slash Their Forecasts On Western Union Following Weaker-Than-Anticipated Q2 Earnings – Western Union (NYSE:WU)

Western Union Co WU reported downbeat earnings for the second quarter on Monday.

The corporate posted quarterly earnings of 42 cents per share which missed the analyst consensus estimate of 44 cents per share. The corporate reported quarterly gross sales of $1.026 billion which missed the analyst consensus estimate of $1.040 billion

“We proceed to execute towards our Evolve 2025 technique, delivering a decent quarter regardless of elevated macroeconomic and political uncertainty,” mentioned Devin McGranahan, President and Chief Government Officer. “Our diversified enterprise mannequin, resilient buyer base, and eager concentrate on operational efficiencies spotlight the flexibleness of our enterprise even on this tough working atmosphere.”

Western Union shares fell 3.2% to commerce at $8.17 on Tuesday.

These analysts made adjustments to their value targets on Western Union following earnings announcement.

• Susquehanna analyst James Friedman maintained Western Union with a Impartial and lowered the worth goal from $11 to $9.
• Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained Western Union with a Market Carry out and lowered the worth goal from $11 to $10.
• UBS analyst Timothy Chiodo maintained the inventory with a Impartial and lowered the worth goal from $10.5 to $8.5.
• RBC Capital analyst Daniel Perlin maintained Western Union with a Sector Carry out and minimize the worth goal from $13 to $9.
• Morgan Stanley analyst James Faucette maintained the inventory with an Underweight score and lowered the worth goal from $9 to $7.
• JP Morgan analyst Tien-Tsin Huang maintained Western Union with an Underweight score and slashed the worth goal from $11 to $9.

Contemplating shopping for WU inventory? Right here’s what analysts assume: