Jefferies Cuts Price Target on Willis Towers Watson (WLTW); Reiterates Buy

November 8, 2016 7:33 AM EST
Get Alerts WLTW Hot Sheet
Price: $125.61 -0.44%

Rating Summary:
    4 Buy, 1 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
Trade WLTW Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Jefferies maintained a Buy rating on Willis Towers Watson (NASDAQ: WLTW), and cut the price target to $147.00 (from $150.00), following the company's 3Q.

Analyst David Styblo commented, "While WLTW's 3Q update was a modest negative, the relative underperformance in the last two days is larger than we would have expected. Yes, WLTW did trim its 2016 organic growth guidance by 50bps to 2%. However, this is one of the smaller drivers to reaching WLTW's 2018 EPS target of $10.10. We continue to see risk/reward attractive with the stock trading at a 2018 P/ E of 11.5-12x, or a ~20% discount to peers."

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

Shares of Willis Towers Watson closed at $117.69 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment