Deutsche Bank Upgrades Marsh & McLennan (MMC) to Buy; Expect Strong Revenue Growth to Continue in Brokerage Operations

Deutsche Bank upgraded Marsh & McLennan (NYSE: MMC) to Buy with a price target of $34.00.

Deutsche analyst says, "We are upgrading MMC to a Buy on strong earnings growth estimates, diminished risk to achieving growth, strong earnings visibility and an entry point opportunity after the stock was impacted by disappointment at peer results."

"The company has outpaced its peers in its organic revenue growth, taking market share along the way. We had been concerned with the sustainability of its mid-single-digit growth but improving P&C rates and weak YoY economic comps make this concern much less significant."

For more ratings news on Marsh & McLennan click here and for the rating history of Marsh & McLennan click here.

Shares of Marsh & McLennan closed at $30.95 yesterday.

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