Wells Fargo raised the firm’s price target on Marsh McLennan to $229 from $228 and keeps an Equal Weight rating on the shares ahead of quarterly results. The firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/VII/capital for life companies. In Brokers, Wells is bullish Arthur J. Gallagher (AJG), and bearish Marsh McLennan (MMC).
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