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Analyst Moves: WU, TXN, RHT
Thursday, August 18, 3:05 PM ET

This morning, Sterne Agee initiated coverage on shares of Western Union (NYSE:WU) with a buy rating as management has been able to adapt the company's business model to meet the global needs of consumers. With the buy rating, the firm set a price target of $21.

Shares of Western Union were following the markets lower today, off 4.6% so far.

Evercore Partners initiated coverage on shares of Texas Instruments (NASDAQ:TXN) with a overweight rating citing attractive risk/reward levels at the company. In the report, Evercover set a price target of $36 per share.

Shares of TXN were lower on Thursday, falling 4.9%.

And Citigroup initiated coverage on shares of Red Hat (NYSE:RHT) with a buy rating as the firm expects steady growth over the next few years. In the report, Citigroup set a price target of $45 per share.

In morning trading, shares of Red Hat were off 7.1% so far.

For MarketNewsVideo.com, I'm Kristin Bianco.

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