JP Morgan Maintains Underweight on Western Union, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang has maintained an Underweight rating on Western Union (NYSE:WU) and raised the price target from $12 to $13.
July 27, 2023 | 2:34 pm
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Western Union's price target has been raised from $12 to $13 by JP Morgan, while maintaining an Underweight rating.
The news is directly about Western Union and is likely to impact its stock price. However, despite the increase in price target, the Underweight rating suggests that JP Morgan analysts still see the stock as overvalued, which could limit the positive impact of the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100