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.
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Some College Finals Delayed After Canvas Online Platform Hacked 
