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Wendy Boyd

Analyst: Don't Expect Willis Towers Watson To Hit 2018 Targets

Goldman Sachs has recently launched coverage on three insurance brokers with a neutral coverage view. While the investment bank has a positive view on the group’s fundamentals, Goldman issued a bearish rating on the property and casualty insurer Willis Towers Watson PLC WLTW.

The Analyst

Yaron Kinar of Goldman Sachs initiated coverage on Willis Towers Watson with a Sell and a $153 price target.

The Thesis

Consensus estimates are too high on Willis Towers Watson, and the company will underperform its peers in terms of organic growth, Kinar said in a note. Source

The price will probably reach the lower edge of the falling channel and then will go up.

$WLTW, Willis Towers Watson Public Limited Company - Ordinary Shares / D