Citi Has A Buy On Marsh & McLennan (MMC)

Citi Investment Research is positive on Marsh & McLennan Companies, Inc.

, after the company hosted an investor day. It rates shares at a Buy, with a $27 price target. In the research report, Citi writes, "MMC hosted an investor day for the first time in four years— displaying the management talent we view as top tier in the industry. The key takeaways were a capital deployment strategy that will focus on growing revenues, paying dividends and repurchasing shares as well as reducing the overall risk profile of the company. Reiterate Buy rating and $27 Target Price." Shares of MMC lost 11 cents yesterday to close at $24.12, a loss of nearly 0.5%.