Arthur J. Gallagher price target lowered to $315 from $361 at Goldman Sachs

Goldman Sachs analyst Robert Cox lowered the firm’s price target on Arthur J. Gallagher (AJG) to $315 from $361 and keeps a Buy rating on the shares. Adjusted EPS of $2.32 missed consensus due to lower-than-expected Brokerage EBITDAC, primarily from timing issues related to AssuredPartners contributions, the analyst tells investors in a research note. Brokerage organic growth also came in slightly below expectations amid timing shifts in large life sales and international contingents, while renewal pricing softened modestly. Despite these short-term headwinds, management maintained 2026 organic growth guidance of 6%+ and noted improving Q4 trends, though results may prompt a mildly negative initial market reaction, the firm says.