In a report released today, Michael Zaremski from Credit Suisse maintained a Hold rating on Marsh & Mclennan Companies (NYSE: MMC), with a price target of $91. The company’s shares opened today at $83.28.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 6.3% and a 68.4% success rate. Zaremski covers the Financial sector, focusing on stocks such as Cincinnati Financial Corp, Selective Insurance Group, and Arthur J Gallagher & Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marsh & Mclennan Companies with a $93.80 average price target.
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Based on Marsh & Mclennan Companies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.74 billion and net profit of $531 million. In comparison, last year the company earned revenue of $3.34 billion and had a net profit of $393 million.
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Marsh & McLennan Cos., engages in the provision of advice and solutions in the areas of risk, strategy, and human capital. It operates through the following business segments: Risk and Insurance Services, and Consulting.
