Goldman Sachs upgraded Willis Towers Watson to Buy from Neutral with a $290 price target, reflecting 24% total return. The company has shown "strong progress" on turnaround initiatives to date, the analyst tells investors in a research note. The firm believes "material improvement" in Willis Towers Watson’s fundamentals will coincide with abating tailwinds for more concentrated property and casualty and commission oriented brokers, particularly in the back half of 2023 and into 2024. Goldman believes the company’s fundamental gap to peers is now narrow.
Published first on TheFly
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