Keefe, Bruyette & Woods Downgrades Willis Group (WSH) to Market Perform
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Keefe, Bruyette & Woods downgrades Willis Group (NYSE: WSH) to Market Perform. Price target $24.
Keefe analyst says, "WSH reported a ROCK of ($0.46, $0.31, $0.37, $0.39). The EPS miss was driven by a lower operating margin than we expected. Revenues were good, in our opinion, up 2% organic. We are cutting EPS estimates and price target and downgrading the shares to Market Perform from Outperform."
To see more analyst ratings on WSH Click Here.
Willis Group Holdings Limited, together with its subsidiaries, provides insurance brokerage, reinsurance, and risk management consulting services worldwide.
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