Willis Towers Watson PLC

WTW: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Willis Towers Watson Maintains Positive Momentum in Third Quarter

Willis Towers Watson showed good momentum in the third quarter and seems to be seeing ongoing recovery from its recent operational issues. That said, underlying growth continues to lag peers a bit, and the company still has a ways to go. We will maintain our $219 fair value estimate and narrow moat rating.

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