Morgan Stanley has increased its investment rating on insurer Marsh & McLennan. From “equal weight” to “overweight.”
An analyst reported that the company’s stock price decline has been overdone given Marsh & McLennan’s variety of earnings mix, which includes profits from its fast-growing insurance brokerage segment.
According to the analyst, MMC is expected to generate $1.3 billion for free cash flow during the year.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines 
Twice Injured Firefighter Loses Second Workers’ Compensation Claim 
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges 
Brown & Brown Files Suit Over Alleged Howden Poaching of 200+ Employees 
