On Air Now

Current Show

The Mix Morning with Nick and Kristen   6:00 AM - 10:00 AM

Listen to Kristen's Quickies on the :50's

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 100.7 FM Terre Haute, IN

Weather

Current Conditions(Terre Haute,IN 47807)

More Weather »
34° Feels Like: 26°
Wind: SSE 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 55°

Tonight

Partly Cloudy 37°

Tomorrow

Partly Cloudy 65°

Western Union shares could rise in coming years - Barron's

A Western Union sign is seen in New York March 28, 2009. REUTERS/Eric Thayer
A Western Union sign is seen in New York March 28, 2009. REUTERS/Eric Thayer

NEW YORK (Reuters) - Western Union Co. , which facilitates long-distance money transfers between consumers and businesses, could see its shares rise to the low $20 range in the next few years, according to a Barron's report.

In its May 13 edition, Barron's cited a recent reduction in Western Union's rates as a catalyst for growth. It also said that business could expand as unemployment levels fall around the world, citing Ariel Investment analyst James Kenney.

"No one is better positioned to benefit from this long-term secular trend," the paper quoted Kenney who sees Western Union shares rising to the low $20 range in the next few years.

It also said that Deutsche Bank Securities analyst Bryan Keane expects a 2 percent increase in revenue next year in Western Union's consumer-to-consumer business and a 7 percent rise in business-to-business revenue.

(Reporting By Sinead Carew; Editing by Maureen Bavdek)

Comments