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Arthur J. Gallagher price target raised by $20 at Truist, here’s why

Truist raised the firm’s price target on Arthur J. Gallagher to $290 from $270 and keeps a Buy rating on the shares. Arthur J. Gallagher’s overall financial guidance is in line with prior expectations, and CEO Pat Gallagher expressed optimism regarding the economy as well as the company’s long-term growth prospects at the company’s quarterly IR meeting, the analyst tells investors in a research note.

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