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.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
