Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

UPDATE: Credit Suisse Upgrades Marsh & McLennan Companies on New Valuation Framework

Share:

In a report published Wednesday, Credit Suisse analyst Michael Zaremski upgraded the rating on Marsh & McLennan Companies (NYSE: MMC) from Neutral to Outperform, and raised the price target from $45.00 to $48.00.

In the report, Credit Suisse noted, “We are upgrading shares of Marsh & McLennan to Outperform (target price increased to $48 from $45) in conjunction with our initiation of competitor consultant company Towers Watson (Neutral-rated). MMC's upgrade to Outperform centers around our analysis detailing (1) the earnings accretion opportunity afforded to healthcare consultants such as MMC as a result of healthcare exchange adoption and (2) our updated free cash flow based valuation framework which we believe is more reflective of earnings available to shareholders versus GAAP reported EPS.”

Marsh & McLennan Companies closed on Tuesday at $43.85.

Latest Ratings for MMC

DateFirmActionFromTo
Apr 2019ReinstatesNeutral
Apr 2019DowngradesOutperformMarket Perform
Jan 2019Initiates Coverage OnNeutral

View More Analyst Ratings for MMC
View the Latest Analyst Ratings

Posted-In: Credit Suisse Michael ZaremskiAnalyst Color Upgrades Analyst Ratings

 

Related Articles (MMC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
CINFReiterates120.0
HARPAssumes
CLLSAssumes
XLRNAssumes
FLWSUpgrades22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Barclays Reiterates Equal-Weight on Tesla Motors Following 3Q13 Results

Lazard Capital Markets Reiterates Buy on CommVault Systems Following Share Pressures