Wells Fargo upgrades WTW to Overweight, raises price target to $288

As previously reported, Wells Fargo analyst Elyse Greenspan upgraded WTW to Overweight from Equal Weight with a price target of $288, up from $248, as the firm believes the company has a tailwind to its 2024 guide due to higher pension income and FX. Additionally, WTW is seeing strong organic and improving margins, which should result in multiple expansion, Wells adds.