Wells Fargo Has a Positive Outlook on Willis Towers Watson (WTW), Trims PT Due to EPS Dilution From an Acquisition

Group 1: Investment Potential - Willis Towers Watson (NASDAQ: WTW) is considered one of the best stocks to buy, with an average price target suggesting a 14% upside, while the highest target indicates a 23% upside [1] - Billionaire Seth Klarman owns over 1 million shares of WTW, valued at $376.2 million as of Q3 2025 [1] Group 2: Analyst Insights - Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on WTW but has lowered her price target from $362 to $356 due to an estimated EPS dilution from the Newfront Insurance Holdings acquisition [2] - The analyst anticipates marginal EPS accretion in 2027 from the acquisition [2] Group 3: Recent Acquisitions - WTW's UK division has agreed to acquire Cushon from NatWest Group, which provides pension and savings solutions, enhancing WTW's market share in the mid-sized British employee pensions and savings market [3] - The acquisition will add £4 billion in assets under management and 730,000 members to WTW [4] - The deal includes a referral clause for NatWest's commercial banking customers to access Cushon's services and is expected to close in the first half of 2026, pending regulatory clearance [4] Group 4: Business Segments - WTW operates through two main business segments: Health, Wealth & Career and Risk & Broking [5]