WTW upgraded to Strong Buy from Outperform at Raymond James

Raymond James analyst C. Gregory Peters upgraded WTW (WTW) to Strong Buy from Outperform with a price target of $400, up from $365. WTW’s management has successfully executed on its “Grow, Simplify, and Transform” strategy over the last three years, which has led to accelerating organic revenue growth, the realization of $450M in cost savings, and adjusted operating margin expansion of between 310-360 basis points from 2021-2024, the analyst tells investors in a research note. The firm believes WTW could produce organic results in-line if not better than peers and potentially better rates of margin improvement than the peer averages.