Piper Jaffray Maintains Overweight on Western Union

Piper Jaffray is out with its report today on Western Union WU, maintaining Overweight. In a note to clients, Piper Jaffray writes, "We maintain our Overweight rating as we believe WU is an attractive play on recovering global labor markets and the valuation is attractive." Shares of WU closed Tuesday at $19.34, down 4.45% from Friday's close.