Western Union price target lowered to $12 from $13 at Susquehanna

Susquehanna analyst James Friedman lowered the firm’s price target on Western Union (WU) to $12 from $13 and keeps a Neutral rating on the shares. The firm said the company continues its improving growth trajectory, with Branded Digital transactions growing 13% and revenue growing 7%. Although these decelerated slightly, the spread between Branded Digital transactions growth and revenue growth is narrowing.