** Shares of insurance broker Willis Towers Watson WTW.O rise 1.6% to $337.99 premarket

** Raymond James upgrades WTW to "strong buy" from "outperform"; raises PT to $400 from $365, a 20.3% upside to stock's last close

** Brokerage says WTW management has successfully executed its strategy over the last three years, resulting in accelerating revenue growth and margin expansion

** Given management's refreshed strategy unveiled earlier this week, brokerage now believes WTW can deliver results in line if not better than its peers

** WTW on Monday forecast mid-single digit growth and margin expansion in its health, wealth & career segment in FY 2025

** It also expects mid-to-high single-digit growth and 100 bps of margin expansion over each of the next three years in its risk & broking business

** Eleven of 21 brokerages rate the stock "buy" or higher, nine "hold" and one "sell"; median PT $358.50 - LSEG data

** As of last close, WTW shares up 37.9% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))