Jefferies Raises Price Target on Willis Towers Watson (WLTW) Following Investor Day

September 30, 2016 8:17 AM EDT
Get Alerts WLTW Hot Sheet
Price: $126.79 -0.54%

Rating Summary:
    2 Buy, 1 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Jefferies reiterated a Buy rating on Willis Towers Watson (NASDAQ: WLTW), and raised the price target to $150.00 (from $140.00), following the company's investor day.

Analyst David Styblo commented, "We reiterate our Buy rating and raise our 2018E EPS and PT following investor day. Management provided more color about 2018 financial targets, which was something we thought it would do when we previewed the event. Importantly, generating 2018 EPS of at least $10.10 doesn't require organic growth reacceleration nor make unreasonable assumptions for cost savings or buybacks. Overall, we think WLTW has several levers to deliver upside to the Street's $9.95."

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 $129.79 yesterday.

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