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

Willis Towers Watson Public Limited Company (NASDAQ:WTW) is one of the best stocks to buy according to Seth Klarman. As of December 12, the average price target for WTW suggests an upside of 14%; however, the Street high indicates an upside of 23%. As of Q3 2025, billionaire Seth Klarman owns over 1 million shares of WTW, valued at $376.2 million.

On December 12, Wells Fargo analyst Elyse Greenspan, who maintains an Overweight rating on WTW, lowered her price target from $362 to $356, according to TheFly. The price target adjustment was due to the incorporation of around 10 cents of estimated EPS dilution from the Newfront Insurance Holdings acquisition. The analyst expects a marginal EPS accretion in 2027 from the deal.

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On December 10, WTW and Cushon reported that they have settled on a deal under which WTW’s UK division will acquire Cushon from NatWest Group. Cushon provides smart, easy-to-use pension and savings solutions. This acquisition paves the way for WTW to gain market share and drive growth in the mid-sized British employee pensions and savings market.

As part of the acquisition, Willis Towers gains £4 billion in assets under management from Cushon, as well as 730,000 members. The deal includes a referral clause that allows NatWest’s commercial banking customers to refer their workers to Cushon’s workplace pensions and savings services. The transaction is awaiting regulatory clearance and is projected to close in the first half of 2026.

Willis Towers Watson Public Limited Company (NASDAQ:WTW) provides advisory and brokerage services through two business segments: Health, Wealth & Career and Risk & Broking.

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