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MMC

Marsh & McLennan

$77.16

-2.92 (-3.65%)

07:22
10/25/18
10/25
07:22
10/25/18
07:22

Marsh & McLennan 'well positioned' to deliver FY18 revenue growth of 3%-5%

Dan Glaser, President and CEO, said: "We are pleased with our performance for the third quarter and first nine months of the year. In the quarter, we produced excellent underlying revenue growth of 5% in both Risk & Insurance Services and Consulting, and adjusted EPS growth of 8% excluding the impact of the new revenue standard. For the first nine months of 2018, we achieved strong underlying revenue growth of 4% on a consolidated basis and 10% adjusted EPS growth excluding the impact of the new revenue standard. Given our solid performance in the first nine months of 2018, the company is well positioned to deliver full year underlying revenue growth in the 3 to 5% range, as well as margin expansion and strong growth in earnings per share."

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MMC Marsh & McLennan
$77.16

-2.92 (-3.65%)

09/25/18
RAJA
09/25/18
DOWNGRADE
RAJA
Underperform
Marsh & McLennan downgraded to Underperform from Outperform at Raymond James
Raymond James analyst Gregory Peters double downgraded Marsh & McLennan to Underperform from Outperform saying the acquisition of Jardine Lloyd Thompson is dilutive to existing shareholders and restructuring costs will be a headwind to free cash flow generation over the intermediate-term. Further, regulatory uncertainties and the possibility of 2019 GAAP earnings dilution have shifted catalysts to the downside.
08/07/18
FBCO
08/07/18
INITIATION
Target $86
FBCO
Neutral
Marsh & McLennan initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Zaremski started Marsh & McLennan with a Neutral rating and $86 price target. The analyst's positive view of the insurance brokerage space driven by increasing pricing power, a stable positive-territory P&C pricing outlook, demand for consulting services and an incremental investment income tailwind leads him to forecast Marsh & McLennan posting 11%-12% EPS growth for the foreseeable future. However, despite the positive backdrop, his EPS estimates still fall slightly below the consensus forecasts.
07/26/18
BOFA
07/26/18
DOWNGRADE
BOFA
Neutral
Marsh & McLennan downgraded to Neutral from Buy at BofA/Merrill
12/06/17
UBSW
12/06/17
DOWNGRADE
Target $89
UBSW
Neutral
Marsh & McLennan downgraded to Neutral from Buy at UBS
UBS analyst Brian Meredith downgraded Marsh & McLennan to Neutral saying he sees limited upside with the shares up 26% year-to-date. U.S. corporate tax reform could benefit the company's 2018 earnings by around 2%-3% on 2018 EPS, but that's not enough to support current valuations, Meredith tells investors in a research note. He raised his price target for the shares to $89 from $85.

TODAY'S FREE FLY STORIES

WHR

Whirlpool

$131.06

-1.5 (-1.13%)

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  • 23

    May

CPK

Chesapeake Utilities

$93.79

0.47 (0.50%)

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LB

L Brands

$21.50

-1.185 (-5.22%)

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  • 23

    May

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

16:35
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LB

L Brands

$21.50

-1.185 (-5.22%)

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  • 23

    May

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

16:33
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Earnings
Huazhu Group reports Q1 adj. EPS 11c, consensus 15c »

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  • 22

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LB

L Brands

$21.50

-1.185 (-5.22%)

16:33
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16:33
Earnings
L Brands narrows FY19 EPS view higher to $2.30-$2.60 from $2.20-$2.60 

Consensus $2.39

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  • 23

    May

QCOM

Qualcomm

$69.30

-8.48 (-10.90%)

, TGT

Target

$77.55

5.5 (7.63%)

16:33
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16:33
On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

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QCOM

Qualcomm

$69.30

-8.48 (-10.90%)

TGT

Target

$77.55

5.5 (7.63%)

LOW

Lowe's

$97.95

-13.15 (-11.84%)

JWN

Nordstrom

$34.35

-3.53 (-9.32%)

AVP

Avon Products

$3.49

0.295 (9.23%)

ISCA

International Speedway

$45.14

1.02 (2.31%)

IPHI

Inphi

$43.12

2.16 (5.27%)

SE

Sea Limited

$31.45

6.065 (23.90%)

AMBA

Ambarella

$39.19

-5.04 (-11.40%)

PSTG

Pure Storage

$15.48

-5.12 (-24.85%)

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IOVA

Iovance Biotherapeutics

$16.63

0.42 (2.59%)

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  • 31

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LB

L Brands

$21.50

-1.185 (-5.22%)

16:32
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Earnings
Breaking Earnings news story on L Brands »

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  • 23

    May

UNM

Unum Group

$34.58

-0.72 (-2.04%)

16:32
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Unum Group announces retirement of CFO Jack McGarry in October »

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  • 23

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PGTI

PGT Innovations

$15.50

0.155 (1.01%)

16:31
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PGT Innovations authorizes $30M stock repurchase program »

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  • 22

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PGTI

PGT Innovations

$15.50

0.155 (1.01%)

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  • 22

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LB

L Brands

$21.50

-1.185 (-5.22%)

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Earnings
L Brands reports Q1 EPS 14c, consensus 0c »

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  • 23

    May

FCAP

First Capital

$50.35

-0.35 (-0.69%)

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  • 22

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Options
Preliminary option volume of 16.7M today »

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ATRA

Atara Biotherapeutics

$23.12

-1.25 (-5.13%)

16:29
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Initiation
Atara Biotherapeutics initiated  »

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  • 31

    May

CPG

Crescent Point Energy

$3.79

-0.215 (-5.38%)

16:29
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Conference/Events
Crescent Point Energy management to meet with TD Securities »

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  • 29

    May

MMI

Marcus & Millichap

$32.98

-0.24 (-0.72%)

, RMAX

RE/MAX Holdings

$32.31

-1.415 (-4.20%)

16:28
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Periodicals
U.S opens antitrust investigation of U.S. real estate industry, Bloomberg says »

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MMI

Marcus & Millichap

$32.98

-0.24 (-0.72%)

RMAX

RE/MAX Holdings

$32.31

-1.415 (-4.20%)

RDFN

Redfin

$17.36

-0.2 (-1.14%)

RLGY

Realogy

$7.43

-0.41 (-5.23%)

Z

Zillow

$42.27

0.66 (1.59%)

CLGX

CoreLogic

$40.94

-0.07 (-0.17%)

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RMBL

RumbleON

$4.90

-0.05 (-1.01%)

16:27
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RumbleON appoints Peter Levy as COO, effective immediately »

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  • 28

    May

NGD

New Gold

$0.63

-0.0391 (-5.84%)

16:27
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16:27
Conference/Events
New Gold management to meet with TD Securities »

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  • 24

    May

KIN

Kindred Biosciences

$8.26

(0.00%)

16:27
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16:27
Initiation
Kindred Biosciences initiated at Stifel »

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  • 22

    May

  • 21

    Jun

VIPS

Vipshop

$7.28

-0.38 (-4.96%)

16:25
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Breaking Hot Stocks news story on Vipshop »

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  • 23

    May

CVET

Covetrus

$27.34

-0.67 (-2.39%)

16:25
05/22/19
05/22
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16:25
Initiation
Covetrus initiated  »

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WEN

Wendy's

$19.10

0.12 (0.63%)

16:23
05/22/19
05/22
16:23
05/22/19
16:23
Conference/Events
Wendy's management to meet with UBS »

Meeting to be held in…

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