Citi Maintains Buy on Towers Watson

Citi is out with its report today on Towers Watson (NYSE: TW), maintaining Buy.

In a note to clients, Citi writes, "TW remains one of our top ideas following a day of meetings with CEO John Haley. While John's commentary was conservative, this is expected and in line with management's past stance to let their results (rather than just words) speak. We continue to believe, based on our own checks that TW can provide a favorable forwardlooking update to guidance at its investor day in Sep-2011 - note that TW is already performing towards the top of its guided range. Buy TW."

Citi maintains a $73 PT on TW.

Shares of TW closed Thursday at $61.81.