** Insurance broker Willis Towers Watson's WTW.O shares up 2.1% at $335.13
** UBS upgrades its rating on WTW to "buy" from "neutral"; raises PT to $395 from $344, a 20.3% upside to stock's last close
** Brokerage expects WTW valuation to close the gap with peers as it scales its corporate risk and broking segment, and improves its operating margin
** Says it favors insurance brokers in 2025 as they have resilient business models during an economic downturn
** Fourteen of 21 brokerages rate the stock "buy" or higher, six "hold" and one "sell"; median PT is $370 - data compiled by LSEG
** WTW stock up 7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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