Market Overview

UPDATE: Goldman Sachs Upgrades Marsh & McLennan Companies to Buy on Organic Growth, Sentiment

Related MMC
Earnings Scheduled For October 28, 2014
Marsh To Acquire Torrent Technologie; No Terms Disclosed
As Threats Grow, Firms to Cyber Insurance (Fox Business)

Goldman Sachs upgraded Marsh & McLennan Companies (NYSE: MMC) from Neutral to Buy and raised the price target from $36.00 to $40.00.

Goldman Sachs said, "MMC shares have lagged our underwriter coverage universe as beneficial P&C pricing trends have clearly driven better underwriter results while improvement has been less clear for brokers like MMC, and further, we had perceived elevated European risk to MMC's consulting business that did not materialize. With Europe in a “bend but not break” mode, we think macro headwinds are manageable and given better-than-expected organic growth from AON and other brokers in 4Q, we have more confidence in the potential for positive organic growth offsets."

Marsh & McLennan Companies closed at $36.14 on Tuesday.

Latest Ratings for MMC

DateFirmActionFromTo
Dec 2014JP MorganInitiates Coverage onOverweight
Oct 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Oct 2014CitigroupMaintainsNeutral

View More Analyst Ratings for MMC
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Analyst Ratings

 

Related Articles (MMC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional