The Western Union Co

WU: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$64.00	Btqszy	Sszxnhbhw

Western Union Earnings: Sequential Improvement in Growth

Brett Horn

Apr 24, 2024

Narrow-moat Western Union has been working to stabilize its business to improve growth, and showed good progress toward that goal in the first quarter. We think the company still has a ways to go to prove it can maintain this path, and our long-term expectations remain quite modest, given industry trends. However, we are encouraged by results in the quarter. We will maintain our $17 per share fair value estimate and continue to see shares as undervalued.

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