JPMorgan initiates coverage on MoneyGram (MGI) with a Neutral rating and $20 price target....

|About: MoneyGram International, ... (MGI)|By:, SA News Editor

JPMorgan initiates coverage on MoneyGram (MGI) with a Neutral rating and $20 price target. Analysts with the firm call for continued market share gains for MGI on the strength of "network effects from global expansion in agent locations, new products/partnership and share gains from informal channels."