RBC Capital raised the firm’s price target on Marsh McLennan (MMC) to $242 from $232 and keeps a Sector Perform rating on the shares after its Q3 results. The quarter contained no major surprises while the company’s margins continued to show meaningful improvement due to proactive cost reduction actions, the analyst tells investors in a research note. RBC adds that organic growth remained healthy in the Risk & Insurance Services unit but decelerated slightly in the Consulting segment.
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