Willis Towers Watson price target lowered to $257 from $259 at Baird

Baird analyst Mark Marcon lowered the firm’s price target on Willis Towers Watson to $257 from $259 and keeps an Outperform rating on the shares. The analyst said while some targets are taking longer to hit than originally expected, we continue to like the company as organic revenue growth, margins, and FCF are steadily improving, valuation is undemanding, cash continues to be returned to shareholders, and the vast majority of the business isn’t cyclically sensitive.