Marsh McLennan price target raised to $183 from $180 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Marsh McLennan to $183 from $180 but keeps a Sector Perform rating on the shares. The company’s organic growth momentum continued in Q1 with favorable trends across most areas of the business, the analyst tells investors in a research note. Marsh McLennan also upped its restructuring savings targets, and its cost savings were already visible in Q1 results, RBC adds. The firm notes however that the continuation of favorable trends is largely factored into the stock’s current valuation.