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Morgan Stanley Keeps Their Sell Rating on Marsh & Mclennan Companies (MMC)

Morgan Stanley analyst Michael Phillips CFA maintained a Sell rating on Marsh & Mclennan Companies (MMCResearch Report) today and set a price target of $150.00. The company’s shares opened today at $170.67.

According to TipRanks, Phillips CFA is a 3-star analyst with an average return of 2.2% and a 58.54% success rate. Phillips CFA covers the Financial sector, focusing on stocks such as Everest Re, Hippo Holdings, and Chubb.

Currently, the analyst consensus on Marsh & Mclennan Companies is a Hold with an average price target of $173.13.

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Based on Marsh & Mclennan Companies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.77 billion and a net profit of $546 million. In comparison, last year the company earned a revenue of $4.58 billion and had a net profit of $537 million

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Marsh & McLennan Companies, Inc. is a professional services company offering risk consulting, risk and insurance services, and employee benefits consulting services to clients worldwide. Under its Marsh and Guy Carpenter brands, it offers risk management, insurance and reinsurance broking and services. The Consulting division involves offering specialized management, economic and brand consulting services, andhealth, wealth & career services & products. The business unit runs under the Mercer and Oliver Wyman Group brands.

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