Deutsche Bank Happy That Western Union Delivers (WU)

Deutsche Bank has thoughts on The Western Union Company

, after the company pre-announced its earnings yesterday. It has a $17 price target and a Hold rating on shares. In the research note, Deutsche Bank writes, "While we appreciate that tonight's release gives WU more freedom to discuss current trends at the meeting tomorrow, we think this could be the extent of incremental financial news that WU is prepared to share with the Street, which would confirm our belief that WU is not yet comfortable tar- geting a specific longer-term growth rate (or range thereof) for this business." Shares of Western Union gained 4 cents yesterday to close at $17.40, a loss of 0.2%.