Marsh McLennan price target raised to $223 from $212 at Wells Fargo

Wells Fargo raised the firm’s price target on Marsh McLennan (MMC) to $223 from $212 and keeps an Equal Weight rating on the shares. The firm notes Marsh shares were relatively flat in trading, as the Q4 upside was driven by non-core items and the company pointed to some Q1 seasonal softness and MSD organic for 2025. Q1 weakness stems from McGriff, FX, and tougher year-over-year revenue comps, Wells adds.