WTW price target raised to $380 from $340 at Wells Fargo

Wells Fargo raised the firm’s price target on WTW (WTW) to $380 from $340 and keeps an Overweight rating on the shares. The firm notes the company hosted an investor day in NYC where it spoke about its outlook over the next three years and laid out organic growth targets for both businesses and 100bps of R&B margin expansion. Further, M&A becomes a bigger part of the capital story, Wells adds.