Moneygram International Inc. (NYSE:MGI): JMP Securities noted that Western Union International Inc. announced a smaller remittance cost for transfers from the United States to Mexico and much of Latin America. The firm expects the cuts to make MoneyGram (NYSE:MGI) lower their prices for their regions, too, but by a much smaller percentage since their fees are already below Western Union’s. Following the recent sell-off, JMP believes that the majority of the pricing risk has been factored into shares of MoneyGram. An Outperform rating is kept on the stock.
Ball Corporation (NYSE:BLL): Following investor meetings that lead to increased conviction in management’s competency to use capital intelligently, an earnings outlook which makes consensus estimates seem too low, and the likeliness of M&A adding to their outlook, Baird raised their price target on Ball Corporation. Shares are Outperform rated.
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Western Union Co. (NYSE:WU): J.P Morgan found Western Union Co.’s lowered fees more aggressive than expected. The firm thought that Western Union would match peer fees, but learned that the company has taken a more aggressive step with below-peer pricing to salvage their lost shares. J.P Morgan anticipates that their peers, such as MoneyGram (NYSE:MGI), will follow suit and expects that Western Union’s new pricing will influence both companies’ shares.
Agilent Technologies Inc. (NYSE:A): Following their fourth quarter results, Baird lowered their price target on Agilent Technologies Inc. They believe that valuation remains compelling, however, flat core growth guidance provides no leverage to absorb inflationary price pressures. Shares are Outperform rated.
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