Deutsche Bank Reiterates Buy On Marsh & Mclennan; $59 PT
In a research report released today, Deutsche Bank analyst Joshua Shanker reiterated a Buy rating on Marsh & Mclennan (NYSE:MMC) with a price target of $59.00, which represents a potential upside of9% from where the stock is currently trading.
Shanker said, “Year-to-date results show a company that is not only expanding operating margins, but also generating organic revenue growth. Since its peers tend to be reporting revenue decelerating, we generally believe MarshMac to be taking share in both brokerage and consulting. Obviously, macro headwinds could present a risk of reversion to the mean, but shares nonetheless remain attractive at this valuation.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joshua Shanker has a total average return of 8.8% and a 57.4% success rate. Shanker is ranked #657 out of 3355 analysts.