Morgan Stanley analyst Bob Huang raised the firm’s price target on Marsh McLennan to $205 from $202 and keeps an Equal Weight rating on the shares. Earnings exceeded expectations, driven in large part by strong top-line growth in both RIS and Consulting, but expenses were also elevated, which drove adjusted operating margins that came in in-line with expectations, the analyst tells investors.
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Read More on MMC:
- Marsh McLennan price target raised to $208 from $200 at Wells Fargo
- Marsh McLennan upgraded to Neutral from Underperform at BofA
- MMC Earnings this Week: How Will it Perform?
- Marsh McLennan Agency acquires Trideo Systems, terms not disclosed
- Marsh McLennan increases quarterly dividend 20% to 71c per share
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