Western Union shorts should cover, says Susquehanna

theflyonthewall.com

Susquehanna believes investors who have shorted Western Union should cover their positions as the company faces easier comps in Mexico and seasonal strength in Q2. The firm sees potential for growth to the top and bottom line, moderating costs for compliance, and a surprise catalyst with its recently announced $500 million share buyback. Shares are Positive rated with a $20 price target.

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