UPDATE: Deutsche Bank Raises PT to $38 on Marsh & McLennan; Organic Revenue Growth

Deutsche Bank increases its price target on Buy-rated Marsh & McLennan

from $36 to $38. Deutsche Bank comments, "We see downside risk increasing, as we view some pressures on top line growth mounting and recognize that expectations of continued superior execution are high. Nonetheless, we foresee YoY growth in RIS organic revenues, led by US operations, as well as continued modest margin expansion to drive further earnings growth. We also expect MMC shares to benefit from bullish rate commentary and investors seeking defensive financial names." MMC closed at $34.09 on Friday.