01:45 AM EDT, 04/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We keep our 12-month target price of $360, valuing WTW at 18.3x our 2026 adj-EPS estimate of $19.72 (cut by $1.23) and at 21x our 2025 EPS estimate of $17.13 (cut by $1.32), vs. its 17.2x one-year average forward multiple and 25.5x peer average. WTW posted Q1 adj-EPS of $3.13, flat Y/Y and vs. our $3.68 EPS estimate and $3.19 consensus. Results reflected a 5% revenue drop from the January 2025 sale of TRANZACT, though organic revenue rose 5%. We trim our 2025 revenue forecast to 3%-6% growth, reflecting this divestiture's impact, offset by stable core revenue growth. Our Buy call reflects our view that, as WTW rebuilding its franchise after the terminated merger with rival broker Aon plc, its shares will close the valuation gap to peers. While near-term tariff and macro uncertainty are weighing on most shares in this space, we believe our WTW thesis remains intact. At current levels, shares trade at 17.7x our 2025 EPS estimate, a 30%-plus discount to the peer average of 25.5x that we believe is unwarranted.