Marsh and McLennan (MMC) NewsBite - MMC Downgraded By Friedman, Billings, Ramsey & Co.
Posted: Wednesday, February 25, 2009 10:47 AM EDT
By: Market Intelligence Center Staff
Marsh and McLennan (MMC) was downgraded today by analysts at Friedman, Billings, Ramsey & Co. and the stock is now at $19.16, down $0.27 (-1.39%) on volume of 1,692,597 shares traded. The analysts downgraded the stock to "Underperform" from "Market Perform." Over the last 52 weeks the stock has ranged from a low of $18.52 to a high of $36.82. Marsh and McLennan stock has been showing support around $18.20 and resistance in the $20.08 range. Technical indicators for the stock are bullish and S&P gives MMC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on MMC the stock seems like it could be a candidate for a July out-of-the-money bear-call credit spread above the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
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