Deutsche Bank initiated coverage of Arthur J. Gallagher with a Buy rating and $277 price target. The company should appeal to investors looking for a growth stock and also looks to be a net beneficiary of rising interest rates, the analyst tells investors in a research note. Arthur J. Gallagher’s future results are not immune to a potential U.S. recession, but 80% of its revenue is recurring and the company takes neither significant balance sheet risk nor underwriting risk, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AJG:
- Arthur J. Gallagher & Co. Acquires The Coverage Pro
- Arthur J. Gallagher & Co. Acquires Altman Insurance Services
- Arthur J. Gallagher acquires Altman Insurance Services, terms not disclosed
- Arthur J. Gallagher & Co. Acquires Hartley Cylke Pacific Insurance Services, Inc.
- Arthur J. Gallagher acquires Hartley Cylke Pacific Insurance Services, no terms