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Stock Market & Financial Investment News

News Breaks
February 7, 2013
06:01 EDTTWTowers Watson reports Q2 EPS $1.48, consensus $1.26
Reports Q2 revenue $946.2M, consensus $897.09M
News For TW From The Last 14 Days
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July 2, 2015
06:44 EDTTWInvestors underestimating Towers, Willis merger value, says Piper Jaffray
Piper Jaffray says its analysis on the Towers Watson (TW), Willis Group (WSH) merger indicates investors are underestimating the value creation arising from the deal given its complicated structuring. Piper calculates equity value per Towers share of $152 being offered to existing shareholders in the transaction, and that the deal should generate 2016 earnings accretion of 18% to Towers holders. The firm lowered its price target for Towers shares to $152 from $157 and keeps an Overweight rating on the name.
July 1, 2015
10:00 EDTTWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Underperform from Outperform at Exane BNP Paribas... Baxter (BAX) downgraded to Neutral from Outperform at Credit Suisse... Carter's (CRI) downgraded to Buy from Conviction Buy at Goldman... Fiat Chrysler (FCAU) downgraded to Neutral from Outperform at Exane BNP Paribas... H&E Equipment (HEES) downgraded to Sector Weight from Overweight at KeyBanc... L'Oreal (LRLCY) downgraded to Sell from Neutral at Citi... Marchex (MCHX) downgraded to Equal Weight from Overweight at Stephens... NASDAQ (NDAQ) downgraded to Market Perform from Outperform at Keefe Bruyette... Starbucks (SBUX) downgraded to Buy from Conviction Buy at Goldman... Towers Watson (TW) downgraded to Hold from Buy at Deutsche Bank... Tuesday Morning (TUES) downgraded to Accumulate from Buy at Johnson Rice... United Rentals (URI) downgraded to Sector Weight from Overweight at KeyBanc.
08:02 EDTTWTowers Watson should be bought on weakness, says Stifel
After Towers Watson (TW) agreed to merge with Willis Group (WSH), Stifel says that the decline in Towers' stock was overdone. The firm says that some investors are worried that the move signals that Towers Watson is worried about its exchange business. However, the firm believes that Towers Watson made the deal in order to acquire the distribution channel in the hottest part of the exchange business. Stifel thinks that the combined company can generate $10+ in EPS by 2018. It trimmed its price target on Towers Watson to $143 from $148 but keeps a Buy rating on the shares.
07:33 EDTTWTowers Watson selloff yesterday a buying opportunity, says Jefferies
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06:55 EDTTWTowers Watson downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Towers Watson (TW) to Hold following the company's planned merger with Willis Group (WSH). Deutsche views shares as fairly valued at current levels.
June 30, 2015
09:26 EDTTWOn The Fly: Pre-market Movers
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05:19 EDTTWWillis Group holder ValueAct Capital agrees to vote its shares in favor of deal
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05:18 EDTTWTowers Watson holders will receive 2.65 shares of Willis per share of TW
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05:15 EDTTWTowers Watson CEO McCann to be CEO of new company Willis CEO to be Deputy CEO
Upon closing of the transaction, James McCann will become chairman, John Haley, chairman and CEO of Towers Watson (TW), will be CEO and Dominic Casserley, CEO of Williw Group (WSH), will be president and Deputy CEO. The new company’s board will consist of 12 directors total – six nominated by Willis and six by Towers Watson, including Towers Watson’s and Willis’ current CEOs. Additionally, Roger Millay will be CFO.
05:11 EDTTWWillis Group, Towers Watson to merge in transaction valued at $18B
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05:08 EDTTWWillis Group, Towers Watson to merge in transaction valued at $18B
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