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Investing.com - Northland downgraded International Money Express (NASDAQ:IMXI) from Outperform to Market Perform and set a price target of $16.00, matching the acquisition offer from Western Union . The stock, which has declined nearly 50% over the past six months according to InvestingPro data, currently trades at $14.91 with a market capitalization of $447.55 million.
The downgrade follows the announcement that Western Union will acquire International Money Express for $16.00 cash per share, with the transaction expected to close within the next 9-12 months.
International Money Express reported second-quarter 2025 revenue of $161.1 million, representing a 6.1% year-over-year decline, according to the analyst note.
The company’s adjusted EBITDA for the same period was $28.8 million, down 7.4% compared to the previous year, with performance impacted by lower service fees resulting from a decreased number of transactions.
Northland’s price target adjustment to $16.00 directly aligns with the cash offer from Western Union, reflecting the firm’s view that the stock is now fairly valued based on the pending acquisition.
In other recent news, Western Union Company (NYSE:WU) has announced its plans to acquire International Money Express, Inc. in an all-cash transaction valued at approximately $500 million. The deal values Intermex at $16.00 per share. This acquisition is expected to close in mid-2026, pending regulatory and stockholder approvals. The move is part of Western Union’s strategy to enhance its retail presence in North America and broaden its market coverage in Latin America. These developments indicate Western Union’s continued efforts to expand its operations and strengthen its market position.
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