As previously reported before the open, Keefe Bruyette analyst Meyer Shields downgraded Arthur J. Gallagher (AJG) to Market Perform from Outperform with an price target of $210 and upgraded Willis Towers Watson (WTW) to Outperform from Market Perform with a $303 price target as part of his Property and Casualty insurance earnings preview for Q4. His Q4 EPS forecasts for the group "are generally modestly above current consensus," though he expects investors to mostly focus on 2023 outlooks, Shields said.
Published first on TheFly
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