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Fly News Breaks for March 4, 2016
MMC
Mar 4, 2016 | 06:37 EDT
Goldman analyst Michael Nannizzi upgraded Marsh & McLennan to the Conviction Buy List from a NEutral rating and raised his price target to $66 from $59 on shares. The analyst said Marsh & McLennan has generated consistent earnings growth purely by margin expansion and sees low risk to estimates, despite the uncertain macro backdrop. The analyst thinks the lack of credit exposure and reliance on alternative income bodes well for 2016 earnings.
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