Credit Suisse Starts Marsh & McLennan (MMC) at Neutral

Credit Suisse analyst Andrew Kligerman initiates coverage on Marsh & McLennan (NYSE: MMC) with a Neutral rating and a price target of $157.00.

The analyst comments "We project 5% annual underlying revenue growth through 2024 for MMC, with 5-6% at broker Marsh on rising commercial pricing, exposure inflation, and seasoning of recent hires; 7% at reinsurance broker Guy Carpenter on strong pricing, partly offset by higher risk retentions; 4% at HR consultant Mercer buoyed by a durable Health business; and 4% at management consultant Oliver Wyman, helped by countercyclical offerings."

For an analyst ratings summary and ratings history on Marsh & McLennan click here. For more ratings news on Marsh & McLennan click here.

Shares of Marsh & McLennan closed at $165.70 yesterday.

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