Credit Suisse analyst Andrew Kligerman raised the price target on Marsh McLennan to $172 from $157 and keeps a Neutral rating on the shares. The firm notes Marsh McLennan is rolling out its new "Ready" strategy, which aims to unlock growth opportunities and savings. Additionally, Credit Suisse believes a big M&A appears unlikely, but Marsh McLennan Agency is "just getting started." Tight reinsurance markets will result in a "good" year for Guy Carpenter, but longstanding client contracts cap commissions to varying degrees, the firm ads.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MMC:
- Marsh McLennan price target raised to $180 from $170 at RBC Capital
- Marsh McLennan reports Q4 EPS $1.47, consensus $1.41
- Marsh McLennan initiated with a Market Perform at BMO Capital
- Aon plc upgraded to In Line at Evercore ISI on discounted valuation
- Marsh McLennan downgraded to Hold at Jefferies on valuation
