UPDATE: Morgan Stanley Reiterates on Marsh & McLennan Companies Following Company Investor Day

In a report published Wednesday, Morgan Stanley analyst Kai Pan reiterated an Overweight rating on Marsh & McLennan Companies (NYSE: MMC), and raised the price target from $51.00 to $54.00.

In the report, Morgan Stanley noted, “MMC is committed to 13% long-term growth. At its 2014 Investor Day, MMC outlined 4 key growth goals: (1) 13% long-term EPS growth, (2) Increasing cash flows, (3) Reducing share count, and (4) Double-digit dividend growth. MMC delivered 15% EPS CAGR and 25% total shareholder returns CAGR since its 2010 Investor Day and we are confident it can achieve these long-term targets, in various macro and market environments.”

Marsh & McLennan Companies closed on Tuesday at $49.60.