Evercore ISI raised the firm’s price target on WTW (WTW) to $387 from $373 and keeps an Outperform rating on the shares. The firm is updating its price targets for Global Insurance P&C companies under its coverage, the analyst tells investors. Q3 is looking to be a “solid quarter” despite mixed stock price performance and the sector underperforming the equal weight S&P, the firm adds. While fundamentals are not great across the board, the firm notes a general lighter mix of property renewals should help pricing on some commercial lines.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WTW:
- WTW price target raised to $377 from $358 at Wells Fargo
- WTW price target raised to $372 from $366 at Keefe Bruyette
- WTW price target raised to $400 from $380 at Raymond James
- WTW increases share repurchase authority by $1.5B
- Wolfe Research launches coverage with positive view on Life Insurance names