WTW price target raised to $340 from $334 at Wells Fargo

Wells Fargo raised the firm’s price target on WTW (WTW) to $340 from $334 and keeps an Overweight rating on the shares. The firm notes WTW shares traded up post earnings given strong R&B result and margins coming ahead of Street. WTW did not update its FY 2024 margin guide of 23%-23.5%, which Wells views conservative, and expects WTW to come in above this at 23.9%.