Marsh & McLennan (MMC) Tops Q3 EPS by 1c

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Jefferies Cuts Price Target on Marsh & McLennan (MMC) Following 3Q Report

October 26, 2016 9:42 AM EDT

Jefferies maintained a Hold rating on Marsh & McLennan (NYSE: MMC), and cut the price target to $68.00 (from $69.00), following the company's 3Q earnings report. Consolidated organic growth of 1% was solidly below consensus' 2.6%. However, Oliver Wyman's 9% decline created a significant drag on the consolidated top-line... More