Marsh McLennan price target raised to $209 from $196 at Jefferies

Jefferies raised the firm’s price target on Marsh McLennan to $209 from $196 and keeps a Hold rating on the shares. In its Q3 earnings preview for the P&C Insurance/Insurtech group, the firm said it sees “upwards bias” to catastrophe-exposed names. In Personal, the firm expects year-over-year underlying underwriting improvement for Progressive (PGR) and Allstate (ALL) along with rate momentum, the analyst tells investors.