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.
Florida Lawmakers Ready for Another Shot at Litigation Funding Limits 
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns 
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS 
Billionaire NFL Owner Suing Over Billboards Near His LA Stadium 
