KBW analyst Meyer Shields maintains $Marsh & McLennan (MMC.US)$ with a sell rating, and adjusts the target price from $201 to $212.
According to TipRanks data, the analyst has a success rate of 77.2% and a total average return of 16.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marsh & McLennan (MMC.US)$'s main analysts recently are as follows:
Following the company's Q3 earnings surpassing expectations, it is poised to benefit from industry-wide technological changes. Certain brokers are assuming more underwriting responsibilities, which should occur at the additional cost to insurance carriers and may affect less sophisticated peer brokers. Moreover, the company's recent increase in hiring is anticipated to further enhance organic growth.
The firm is modifying its forecasts, anticipating benefits in the years 2025 and 2026 as a result of the McGriff transaction and the projected shift to cash earnings per share in the first quarter of 2025. The company's stock response was subdued following the earnings report, attributed to the lower-than-anticipated cash earnings per share contribution and the headwinds faced in the fourth quarter.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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