Willis Towers Watson Solid in 3Q
Willis Towers Watson’s third-quarter results contained no material surprises. Like its peers, the company is seeing modest revenue growth, and margins are expanding, trends we expect to continue. We will maintain our $143 fair value estimate and narrow moat rating.Willis Towers Watson slightly bested its larger peers when it comes to top-line growth in the quarter, with revenue up 4% year over year on an organic basis. The company’s nascent healthcare exchanges segment remains the strongest per...
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