Keefe, Bruyette & Woods Downgrades Marsh & McLennan to Underperform, Lowers Price Target to $192
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Meyer Shields downgraded Marsh & McLennan (NYSE:MMC) from Market Perform to Underperform and reduced the price target from $198 to $192.
December 15, 2023 | 10:01 am
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NEGATIVE IMPACT
Marsh & McLennan was downgraded by Keefe, Bruyette & Woods from Market Perform to Underperform, with a price target decrease from $198 to $192.
The downgrade by a reputable analyst firm like Keefe, Bruyette & Woods typically has a negative impact on investor sentiment and can lead to a short-term decline in the stock price. The reduction in the price target further reinforces the bearish outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100