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Deutsche Bank Upgrades Willis Group

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Deutsche Bank upgraded Willis Group Holdings PLC (NYSE: WSH) from Sell to Hold Wednesday and set a $40 price target.

Analyst Joshua Shanker believed “Willis may be poised to break its multi-quarter streak of margin compression by posting margin expansion in excess of 100bps in 4Q14.

“Given the timeframe under which both the company and the stock have underperformed expectations, we believe that a change in earnings trend to the positive has the potential to trigger new investors to the name, even if we are cautious with regards to the sustainability of that trend.”

Shanker forecasted Q4 2014 EPS at $0.48, above the consensus of $0.46. He expected EBIT margins to expand from 15.8 percent in Q4 2013 to 17.1 percent in Q4 2014.

The analyst report concluded that “the greatest upside risk is the potential for earnings to materially improve in 2016 or 2017 due to the restructuring plan.”

Willis Group recently traded at $41.54, up 1.8 percent.

Latest Ratings for WSH

DateFirmActionFromTo
Nov 2015UpgradesSellHold
Jul 2015UpgradesSellNeutral
Jul 2015UpgradesNeutralBuy

View More Analyst Ratings for WSH
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Joshua ShankerAnalyst Color Upgrades Price Target Analyst Ratings

 

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