Barclays analyst Alex Scott lowered the firm’s price target on WTW (WTW) to $303 from $341 and keeps an Underweight rating on the shares. The firm reduced organic growth estimates “across the board” for the insurance brokers, saying property and casualty pricing is below expectations. “Persistent signs” of softening across the property and casualty markets along with weaker pricing data “signal a turning point,” the analyst tells investors in a research note.
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