Goldman Sachs Upgrades Marsh & McLennan to “Buy” (MMC)
On Wednesday analysts at Goldman Sachs upgraded risk, strategy, and human capital consultant Marsh & McLennan Companies, Inc. (MMC) as the company’s pricing trends seems to be improving.
The analysts upgraded MMC from “Neutral” to “Buy” and see shares reaching $40. This target suggests about an 11% upside to Tuesday’s closing price of $36.14.
Goldman Sachs also noted that Marsh & McLennan shares have lagged behind its peers, so it seems that the company’s stock price has room for growth.
Marsh & McLennan shares were up 33 cents, or +0.91%, during morning trading on Wednesday. In the trailing twelve months, the stock is up about +13%.
The Bottom Line
Shares of Marsh & McLennan (MMC) have a dividend yield of 2.53% based on Wednesday’s intraday trading price of $36.39 and the company’s annualized dividend payout of 92 cents per share.
Marsh & McLennan Companies, Inc. (MMC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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