WTW price target lowered to $320 from $400 at Truist

Truist analyst Mark Hughes lowered the firm’s price target on WTW (WTW) to $320 from $400 and keeps a Buy rating on the shares. The firm reduced its 2026 EPS forecast to $19.20 from $19.30, driven by the upside in Q1 more than offset by lower assumed organic growth, while it is also dropping its 2027 estimate to $21.70 from $22.05. The firm’s lower price target is on the assumption that Willis Towers Watson should trade at an EBITDA multiple of 11x its 2027 projection, which would put them just under the middle of the broker group, the analyst tells investors in a research note.