Keefe, Bruyette & Woods Maintains Willis Group Holdings Outperform, Raises PT To $45 (WSH)

Keefe, Bruyette & Woods maintained its Willis Group Holdings WSH Outperform rating and raised Willis Group Holdings' price target to $45 in a research report published today. In the report, Keefe, Bruyette & Woods states, "WSH reported a ROCK of [$0.57, $0.57, $0.54, $0.57] with a negative $0.07/share impact from F/X. Growth was good at 3% organic and margins expanded despite F/X. The company announced salary and benefits increases but also cost reduction plans and potential refinancing." Shares of Willis Group Holdings closed Thursday at $38.09, reflecting no change from Wednesday's market close.