Mizuho Starts Willis Towers Watson (WTW) at Outperform

Mizuho analyst Yaron Kinar initiates coverage on Willis Towers Watson (NASDAQ: WTW) with a Outperform rating and a price target of $386.00.

The analyst comments "We initiate on WTW shares with an Outperform rating. We believe the company's abovegroup median EPS and EBITDA/ps growth - driven by differentiated margin expansion - is not fully reflected in consensus (we are 2% above Street for '26E & '27E), nor in the current 12.5x EV/EBITDA multiple, which is below the group average and median, presenting meaningful upside. We also see a near-term catalyst in the form of 4Q25 results, as we do not believe consensus fully reflects the TRANZACT disposition, which should lift consolidated margins YoY by 120bps, all else equal. Finally, we view the Newfront acquisition as richly priced but value-additive."

For an analyst ratings summary and ratings history on Willis Towers Watson click here. For more ratings news on Willis Towers Watson click here.

Shares of Willis Towers Watson closed at $326.93 yesterday.

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