Marsh & McLennan Stock Outlook: Is Wall Street Bullish or Bearish?

Core Viewpoint - Marsh & McLennan Companies, Inc. (MMC) has significantly underperformed the broader market and the insurance sector over the past year, despite reporting strong quarterly earnings that exceeded expectations [2][3][4]. Financial Performance - MMC's stock has declined 18.6% over the past year, while the S&P 500 Index has increased by nearly 13.7% [2]. - In Q3, MMC reported an adjusted EPS of $1.85, surpassing Wall Street's expectation of $1.79, and revenue of $6.4 billion, exceeding forecasts of $6.3 billion [4]. - Analysts project a 9.2% growth in EPS for the current fiscal year, expecting it to reach $9.61 on a diluted basis [4]. Analyst Ratings - Among 23 analysts covering MMC, the consensus rating is a "Moderate Buy," with five "Strong Buy" ratings, one "Moderate Buy," 16 "Holds," and one "Moderate Sell" [5]. - The overall rating has improved from a month ago, with one analyst suggesting a "Strong Sell" [6]. - TD Cowen analyst Andrew Kligerman maintained a "Hold" rating and lowered the price target to $200, indicating a potential upside of 10.6% from current levels [6]. Price Targets - The mean price target for MMC is $214.84, suggesting an 18.8% premium to current price levels [6]. - The highest price target of $258 indicates a potential upside of 42.6% [6].