Goldman Sachs Lifts Numbers On Towers Watson (TW) After "Beat and Raise" Q2

Goldman Sachs lifted estimates and its price target on Towers Watson (NYSE: TW) from $65 to $68, but is keeping their Neutral rating, following better-than-expected Q2 results and raised guidance.

The firm raised FY12-FY14 cash EPS by 5% on average on higher organic growth and EBITDA margins.

Goldman said the strong results and higher outlook confirm the strength of the company's model and margin leverage. However, they maintained their Neutral on a balanced risk-reward, with the shares trading at 12X the CY12E EPS versus an estimated LT cash EPS growth of 7%.

For an analyst ratings summary and ratings history on Towers Watson click here. For more ratings news on Towers Watson click here.

Shares of Towers Watson closed at $63.74 yesterday, with a 52 week range of $51.70-$67.31.

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