Bank of America analyst Joshua Shanker has revised the price target for Marsh McLennan (MMC, Financial), lowering it from $264 to $238. Despite maintaining a Neutral rating on the stock, Shanker cites expectations of a slowdown in the company's organic growth as a reason for the adjustment. This anticipated deceleration is attributed to declining GDP growth and diminishing fiduciary income benefits previously supported by high interest rates.
The analyst notes that a contraction in the company’s multiples has contributed to the decision to reduce the price target. As economic conditions shift, Marsh McLennan may encounter challenges affecting its revenue expansion, prompting these adjustments from Bank of America.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Marsh & McLennan Companies Inc (MMC, Financial) is $236.24 with a high estimate of $281.00 and a low estimate of $181.02. The average target implies an upside of 7.35% from the current price of $220.07. More detailed estimate data can be found on the Marsh & McLennan Companies Inc (MMC) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Marsh & McLennan Companies Inc's (MMC, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Marsh & McLennan Companies Inc (MMC, Financial) in one year is $244.25, suggesting a upside of 10.99% from the current price of $220.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Marsh & McLennan Companies Inc (MMC) Summary page.
