Wells Fargo raised the firm’s price target on Marsh McLennan (MMC) to $212 from $211 and keeps an Equal Weight rating on the shares. The firm is adjusting estimates with upside in 2025/2026 due to the McGriff deal plus the expected conversion to cash EPS in Q1 2025. Shares were muted post earnings due to less-than-expected cash EPS accretion plus Q4 headwinds, Wells adds.
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