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BofA Merrill Ups Marsh McLennan (NYSE:MMC) to Buy From Neutral Rating

Banc of America Analyst Rating Change Marsh McLennan NYSE:MMC

Marsh McLennan (NYSE:MMC) Rating Upgrade

In a research report revealed on Friday, 27 January, BofA Merrill stated it was upgrading Marsh Mclennan (NYSE:MMC) stock from a Neutral to a Buy.

Despite the stock rating upgrade NYSE:MMC is at the moment trading 0.00% lower at $68.75 as of 2:04 AM New York time. Marsh McLennan’s stock is 0% in the past 200 days. It has underperformed the S&P 500 Index, which has added 11.40% in the same time.

Out of 20 brokers covering Marsh McLennan, 12 rate it a Buy, 13 indicate a Hold while 0 suggest a Sell. The highest target is $72 and the lowest is $55 according to Thomson/First Call. The 12-month mean target is $65.9, which means downside potential of 4.15% over the current price.

Institutional Ownership

Nippon Life Insurance Co had the most significant stake with ownership of 5.25 million shares as of Q2 2015 for 7.84% of the fund portfolio. Coho Partners Ltd. is another bull as the investment professional who is possessing 1.72 million shares of Marsh McLennan or 4.15% of their fund portfolio. Moreover, Birch Hill Investment Advisors Llc have 3.89% of their fund portfolio invested in the company for 623,673 shares. The Japan-based fund Mu Investments Co. Ltd. disclosed it had bought so far a stake worth about 3.55% of the investment professional’s stock portfolio in Marsh McLennan. The Massachusetts-based fund Nichols Asset Management Llc is also positive about the stock, possessing 73,000 shares or 2.97% of their fund portfolio.

Marsh McLennan (NYSE:MMC) Profile

Marsh & Mclennan Companies IncMarsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy. The Company provides analysis, advice and transactional capabilities to clients in approximately 130 countries.

Marsh McLennan (NYSE:MMC) closed at $68.75 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 1.94 million shares. Marsh McLennan has a 52 week low of $51.25 and a 52 week high of $69.77. The company has a market cap of $35.49 billion and a P/E ratio of 21.14.

Get the latest Marsh McLennan (NYSE:MMC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post BofA Merrill Ups Marsh McLennan (NYSE:MMC) to Buy From Neutral Rating appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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BofA Merrill Ups Marsh McLennan (NYSE:MMC) to Buy From Neutral Rating


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