Marsh McLennan price target raised to $230 from $220 at Roth MKM

Roth MKM analyst Harry Fong raised the firm’s price target on Marsh McLennan (MMC) to $230 from $220 and keeps a Neutral rating on the shares. The company reported an in-line Q3 EPS, though its revenue growth of 5% was slightly behind the firm’s estimate of 5.8%, the analyst tells investors in a research note. Marsh McLennan also continues to expect mid-single-digit or better underlying revenue growth, another year of margin expansion, and strong growth in adjusted EPS, the firm added.