We are initiating coverage on Western Union Co. (WU) with an Underperform rating. The company’s fourth quarter earnings narrowed compared to the prior-year quarter as a result of lower transaction volumes due to ongoing market challenges and the dilutive effects of recent acquisitions.

We believe that the company’s strong brand name, network expertise and financial strength will position it well for long-term profitability. However, given the slow pace of economic recovery, we would have to wait for some time to see any significant improvement.

Zacks Investment Research

1. (WU) Western Union Reports In-Line – Profits DropWestern Union Co.’s (WU) fourth quarter earnings came in at 32 cents per share, in-line...
2. (WU) Western Union Hikes Dividend 50%Taking an encouraging step towards gaining investor confidence, on Wednesday Western Union Co. (WU) announced...
3. (WU) Western Union Renews Agreement with Postal Savings Bank of ChinaThe Western Union Co. (WU) said on Thursday that it renewed its agreement with the...
4. (WU) Western Union Beats Estimates by a PennyWestern Union Co.’s (WU) third quarter earnings of 33 cents per share were just a...
5. (WDC) Western Digital Corporation – Crushed Estimates in Fiscal Fourth Quarter 2009Western Digital Corporation (WDC) has surprised the last four quarters by an average of 106.19%....
6. (WDC) Western Digital Corporation – Value – Zacks Rank BuyWestern Digital Corporation (WDC), the hard drive and storage products manufacturer, finally felt the sting...

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