Morgan Stanley Increases Investment Rating on Marsh McLennan

Morgan Stanley has increased its investment rating on insurer Marsh & McLennan. From “equal weight” to “overweight.”

An analyst reported that the company’s stock price decline has been overdone given Marsh & McLennan’s variety of earnings mix, which includes profits from its fast-growing insurance brokerage segment.

According to the analyst, MMC is expected to generate $1.3 billion for free cash flow during the year.