UPDATE: J.P. Morgan Reiterates Neutral Rating, $16 PT on Western Union Company
Posted on December 17, 2012 at 10:45 AM EST
In a report published Monday, J.P. Morgan & Co. reiterated its Neutral rating and $16.00 price target on Western Union Company (NYSE: WU ). J.P. Morgan noted, “We rate WU shares Neutral as we attach value to the company's agent network, which provides its competitive advantage over peers and its