By: Benzinga
December 17, 2012 at 10:43 AM EST
UPDATE: J.P. Morgan Reiterates Neutral Rating, $17 PT on Moneygram International
In a report published Monday, J.P. Morgan & Co. reiterated its Neutral rating and $17.00 price target on Moneygram International (NYSE: MGI ). J.P. Morgan noted, “We rate MGI shares Neutral as we believe upside from higher growth will be balanced by overhangs from WMT contract and high insider ownership:
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