Piper Sandler lowered the firm’s price target on WTW (WTW) to $356 from $387 and keeps an Overweight rating on the shares following quarterly results. The firm says the beat versus its and consensus’ estimates was primarily driven by a better-than-expected top line. Operating income segment results were slightly better than Piper expected. Adjusted EBITDA margin was in line with its expectations but better than consensus. Organic growth was slightly better than it expected but slightly lower than consensus.
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