Piper Sandler Downgrades Marsh & McLennan to Neutral, Maintains $211 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome downgraded Marsh & McLennan (MMC) from Overweight to Neutral while maintaining a $211 price target. This adjustment reflects a change in the analyst's view on the stock's future performance.
April 17, 2024 | 11:05 am
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NEUTRAL IMPACT
Marsh & McLennan was downgraded from Overweight to Neutral by Piper Sandler, though the $211 price target was maintained.
The downgrade to Neutral suggests a more cautious outlook on MMC's stock by Piper Sandler, potentially due to perceived market risks or valuation concerns. However, maintaining the price target indicates the analyst believes the stock still has potential to reach its previous target, balancing the impact on the stock's short-term movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100