The Western Union Co
WU: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$74.00 | Txjnjh | Smnvyqszl |
Western Union Earnings: Sequential Improvement in Growth
Narrow-moat Western Union has been working to stabilize its business to improve growth, and showed good progress toward that goal in the first quarter. We think the company still has a ways to go to prove it can maintain this path, and our long-term expectations remain quite modest, given industry trends. However, we are encouraged by results in the quarter. We will maintain our $17 per share fair value estimate and continue to see shares as undervalued.