Marsh McLennan price target raised to $212 from $208 at Wells Fargo

Wells Fargo raised the firm’s price target on Marsh McLennan to $212 from $208 and keeps an Overweight rating on the shares. Stronger Consulting results were counter-balanced by a weaker margin in RIS and organic slowdown in U.S. and Canada, the analyst tells investors in a research note. Marsh McLennan saw good overall organic growth, with good growth in most areas, and now sees organic revenue growth of 9%-10% for the full year, as compared to 10% over the first three quarters of the year, the firm adds.