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Marsh & McLennan shares slide after BofA cuts to Underperform on valuation concerns

Jan. 03, 2022 11:09 AM ETMarsh & McLennan Companies, Inc. (MMC)By: Max Gottlich, SA News Editor

Marsh & McLennan office building in Toronto.

JHVEPhoto/iStock Editorial via Getty Images

  • Insurance broker Marsh & McLennan (NYSE:MMC) stock slips nearly 3% after Bank of America analyst Joshua Shanker downgrades MMC to Underperform from Neutral.
  • Shanker believes that MMC's valuation is peaking, which presents the potential for further downside

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