Goldman Sachs double downgraded Marsh McLennan to Sell from Buy with an $185 price target. While Marsh has done the right things to invest in future growth, its organic growth is likely on a path to more normal levels now that extraordinary benefits from talent additions have played out, the analyst tells investors in a research note. The firm sees consensus expectations baking in a greater continuation of recent market and idiosyncratic tailwinds then it anticipates going forward. It sees risk to 2025 organic growth expectations and 2024/2025 adjusted operating margin expectations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MMC:
- Stoch Analytics Acquires Atlas Software Business from Oliver Wyman
- Marsh McLennan just downgraded at Keefe Bruyette, here’s why
- Marsh McLennan’s Oliver Wyman to Acquire SeaTec Consulting Inc.
- Marsh McLennan unit Oliver Wyman acquires SeaTec Consulting
- Mercer to acquire Vanguard’s U.S. OCIO business, terms not disclosed