Marsh McLennan Price Target Reduced to $238 by BofA

Marsh McLennan reported strong first-quarter 2025 results, with net income reaching $1.38 billion and consolidated revenue rising 9% year-over-year to $7.1 billion, driven by growth across its segments and regions. However, Bank of America has lowered its price target for Marsh McLennan to $238 from $264, maintaining a Neutral rating, due to concerns over slowing organic growth attributed to decelerating GDP and fading benefits from high interest rates. The average analyst price target for the company is now $236.24, reflecting modest expected upside from current levels. Consensus among analysts indicates a 'Hold' recommendation, and fair value estimates from GuruFocus also suggest limited near-term upside. Despite these concerns, Marsh McLennan's management highlighted its resilience and continued demand for its advisory services. The company also increased its share repurchases and reduced debt during the quarter.