WTW price target lowered to $358 from $392 at Mizuho

Mizuho analyst Yaron Kinar lowered the firm’s price target on WTW (WTW) to $358 from $392 and keeps an Outperform rating on the shares. The firm adjusted ratings and targets in the insurance property and casualty group following the recent sector selloff. There is “low disruption threat” to the insurance brokerage names who focus on middle-market and larger accounts from AI, the analyst tells investors in a research note. Mizuho believes disintermediation risk is “geared to mass market personal lines and the smaller end of SME.”