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

September 27, 2016 8:14 AM EDT
Get Alerts WLTW Hot Sheet
Price: $126.07 +0.46%

Rating Summary:
    4 Buy, 1 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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UBS reiterated a Buy rating on Willis Towers Watson (NASDAQ: WLTW), and raised the price target to $145.00 (from $138.00), following investor day. UBS expects the company to show 4% organic revenue growth in 2017 and 2018, driven by double digit organic growth in the Exchange Solutions business and 3.5-4% growth in Corporate Risk and Brokerage.

Analyst Brian Meredith commented, "While peers AON (+21.1%) and MMC (+20.9%) have outperformed the market YTD, WLTW has been among the worst performers in our coverage (-0.5%) due to disappointing results, downward guidance and a somewhat muddled message. We see the Investor Day as an opportunity for WLTW management to clarify the story on margin improvement, revenue growth, free cash flow generation and capital management, potentially providing a catalyst for the shares."

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 $128.00 yesterday.

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