BMO Capital analyst Michael Zaremski initiated coverage of Arthur J. Gallagher with an Outperform rating and $211 price target, calling it both a top pick and "most-out-of-consensus" pick. He estimates Arthur J. Gallagher’s EPS trajectory and valuation multiple will "continue to move north in 2023" given what he views as underappreciated inflation tailwinds that should boost revenues.
Published first on TheFly
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