Jefferies raised the firm’s price target on Marsh McLennan to $209 from $196 and keeps a Hold rating on the shares. In its Q3 earnings preview for the P&C Insurance/Insurtech group, the firm said it sees “upwards bias” to catastrophe-exposed names. In Personal, the firm expects year-over-year underlying underwriting improvement for Progressive (PGR) and Allstate (ALL) along with rate momentum, the analyst tells investors.
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Read More on MMC:
- Aon plc initiated with a Hold at Deutsche Bank
- Marsh McLennan initiated with a Buy at Deutsche Bank
- Marsh to acquire Honan Insurance Group
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- Berkshire Hathaway takes new stake in D.R. Horton, exits McKesson position
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