Salary Growth Trend: According to Mercer's Total Remuneration Survey 2025, the average employee salary in Thailand is projected to increase by 5.2% in 2026, slightly above the 5% increase in 2025, indicating a sustained demand for talent and a focus on compensation by companies.
Industry Differentiation: The Energy sector is expected to see the highest salary increase at 6.0%, followed by Consumer Goods at 5.7% and Automotive at 5.5%, reflecting the intense competition for specialized skills across different industries.
Incentive Plan Adjustments: The survey reveals that 95.3% of companies have implemented short-term incentive plans, with long-term incentives rising from 19.3% in 2024 to 38.2% in 2025, indicating a shift in strategies to attract and retain talent.
Increased Flexible Benefits: 23.5% of companies are offering flexible benefits to professionals, with Health Insurance, Leisure/Sports Club Subscriptions, and Medical Check-ups being the leading components, showcasing a growing emphasis on diverse employee needs in compensation structures.
MMC
$185.73+Infinity%1D
Analyst Views on MMC
Wall Street analysts forecast MMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMC is 210.06 USD with a low forecast of 181.00 USD and a high forecast of 257.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
Wall Street analysts forecast MMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMC is 210.06 USD with a low forecast of 181.00 USD and a high forecast of 257.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
12 Hold
1 Sell
Hold
Current: 186.360
Low
181.00
Averages
210.06
High
257.00
Current: 186.360
Low
181.00
Averages
210.06
High
257.00
Morgan Stanley
Bob Huang
Equal Weight
downgrade
$195 -> $190
2025-12-16
New
Reason
Morgan Stanley
Bob Huang
Price Target
$195 -> $190
2025-12-16
New
downgrade
Equal Weight
Reason
Morgan Stanley analyst Bob Huang lowered the firm's price target on Marsh McLennan to $190 from $195 and keeps an Equal Weight rating on the shares. Although the P&C insurance sector faces known challenges, including softening pricing in property and more competition in personal auto, attractive valuations and strong casualty pricing partially offset this, says the analyst, who maintains an Attractive industry view heading into 2026.
Mizuho
Outperform
initiated
$212
2025-12-15
New
Reason
Mizuho
Price Target
$212
2025-12-15
New
initiated
Outperform
Reason
Mizuho initiated coverage of Marsh McLennan with an Outperform rating and $212 price target. The firm rolled out coverage of 23 companies, including six life insurers, 11 property and casualty insurers and six insurance brokers. It prefers life insurance, saying the group is undervalued despite credit concerns. Mizuho is less constructive on the property and casualty insurers and brokers citing market softening, plateauing investment yields and reserve concerns. The analyst expects insurance broker organic growth to moderate and is concerned that this may drive more aggressive acquisitions.
Citi
Neutral
downgrade
$211 -> $201
2025-12-04
Reason
Citi
Price Target
$211 -> $201
2025-12-04
downgrade
Neutral
Reason
Citi lowered the firm's price target on Marsh McLennan to $201 from $211 and keeps a Neutral rating on the shares.
RBC Capital
Sector Perform
initiated
$200
2025-11-24
Reason
RBC Capital
Price Target
$200
2025-11-24
initiated
Sector Perform
Reason
RBC Capital resumed coverage of Marsh McLennan with a Sector Perform rating and $200 price target as part of a broader research note launching coverage on P&C insurance carriers and brokers. Looking to 2026, the firm expects continued strong return on equity, ROE, and book value per share growth amongst carriers, though it also sees slowing top-lines limiting earnings growth, the analyst tells investors in a research note. Some earnings headwinds are emerging, with a softening P&C cycle, difficult catastrophe comps, and uncertain reserving driving RBC's expectations for ROE compression and limited sector performance, the firm added. For the company, RBC expects low-to-mid single-digit organic revenue growth in 2026/27 and overall revenue growth in the 4%-6% range in both years but also a particularly soft start to 2026, with the slow hurricane season and continued capacity growth in reinsurance markets leading to down pricing at renewals.
About MMC
Marsh & McLennan Companies, Inc. is a professional services company in the areas of risk, strategy and people. The Company conducts business through two segments: Risk and Insurance Services, and Consulting. Risk and Insurance Services segment includes risk management activities (risk advice, risk transfer and risk control and mitigation solutions) as well as insurance and reinsurance broking and services. It conducts business in this segment through Marsh and Guy Carpenter. Marsh is an insurance broker and risk advisor, serving companies, institutions and individuals. Guy Carpenter is a reinsurance intermediary and advisor. Consulting segment includes health, wealth and career advice, solutions and products, and specialized management, strategic, economic and brand consulting services. It conducts business in this segment through Mercer and Oliver Wyman Group. Oliver Wyman Group serves as a critical strategic, economic and brand advisor to private sector and governmental clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
