Marsh & McLennan's Global Growth Slowed in Q1 Weighed Down by US Business, Deutsche Bank Says

MT Newswires Live
03-11

Marsh & McLennan (MMC) is seeing slower global growth in Q1, weighed down by its US business, Deutsche Bank said in a Tuesday note.

The investment firm said it also expects a weaker Q1 operating margin from the company's risk and insurance segment amid seasonal headwinds related to McGriff Insurance Services, which Marsh & McLennan completed acquiring in November last year.

Deutsche Bank said these factors led it to lower its Q1 operating earnings per share forecast for the company to $2.97 and organic growth expectations to 4.6% from 5.1%. The investment firm also cut its 2025 operating EPS forecast for Marsh & McLennan by 1.7% to $9.46.

Deutsche Bank raised its price target to $258 from $236 while maintaining its buy rating on the stock.

Price: 233.40, Change: -2.82, Percent Change: -1.19

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