BMO Capital analyst Michael Zaremski maintains $Marsh & McLennan (MMC.US)$ with a hold rating, and adjusts the target price from $192 to $228.
According to TipRanks data, the analyst has a success rate of 72.0% and a total average return of 14.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marsh & McLennan (MMC.US)$'s main analysts recently are as follows:
Marsh McLennan's Q3 earnings surpassed expectations, suggesting potential advantages from industry-wide technological evolutions. Certain brokers are enhancing their roles by taking on more underwriting responsibilities, which could be beneficial at the additional expense of insurance carriers and less advanced peer brokers. Additionally, the company's aggressive recruitment efforts are likely to contribute to its organic growth.
Adjustments to estimates for Marsh McLennan anticipate an upside in the years 2025/2026 as a result of the McGriff transaction and the anticipated shift to cash EPS in the first quarter of 2025. The company's stock response post-earnings was subdued, influenced by the lower-than-anticipated cash EPS contribution and headwinds faced in the fourth quarter.
Note:
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