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Fly News Breaks for February 7, 2020
WLTW
Feb 7, 2020 | 07:16 EDT
SunTrust analyst Mark Hughes raised his price target on Willis Towers Watson to $240 and kept his Buy rating after its "very solid" Q4 organic revenue growth and segment margin, even though the company could not accelerate its free cash flows. The analyst adds that his new price target assumes an expected EBITDA multiple of 14.6-times, which is still somewhat below the peer average, and believes that a higher multiple "should be achievable" once cash flow normalizes.
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