WTW price target lowered to $345 from $365 at Cantor Fitzgerald

Cantor Fitzgerald analyst Ryan Tunis lowered the firm’s price target on WTW (WTW) to $345 from $365 and keeps a Neutral rating on the shares. The initial positive stance on insurance brokers appears premature and overly optimistic, as near-term fundamentals are likely to deteriorate before improving. While the subgroup remains interesting, negative consensus organic growth revisions are expected in the interim.