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Fly News Breaks for October 26, 2016
MMC
Oct 26, 2016 | 07:19 EDT
After Marsh & McLennan dropped following its Q3 results, Wells Fargo blames the miss on the company's 1% organic growth last quarter. The firm says that the slow growth was mainly due to weakness in Oliver Wyman, which the company said is improving this quarter. Wells notes that the margins of both of the company's units were strong, and it expects the company's organic growth to increase in Q4. Wells keeps an Outperform rating on the shares.
News For MMC From the Last 2 Days
MMC
Apr 22, 2024 | 08:52 EDT
MMC
Apr 22, 2024 | 07:25 EDT
TD Cowen analyst Andrew Kligerman raised the firm's price target on Marsh McLennan to $201 from $189 and keeps a Hold rating on the shares. The firm adjusted its model and estimates based on a sum-of-the parts analysis and applying segment multiples informed by peer valuations.
MMC
Apr 22, 2024 | 05:25 EDT
Citi raised the firm's price target on Marsh McLennan to $210 from $205 and keeps a Neutral rating on the shares. The company reported a solid Q1 report and "steady" outlook, the analyst tells investors in a research note. The firm sees Marsh as a "high quality, more diversified broker," with potential upside from better macro conditions, interest rates staying higher, casualty pricing acceleration.
