Truist analyst Mark Hughes raised the firm’s price target on Arthur J. Gallagher to $230 from $220 and keeps a Buy rating on the shares. The company is executing on all fronts, including organic topline, margin expansion, and M&A, and continues to be among the best ways for investors to participate in the evolving P&C insurance market, the analyst tells investors in a research note. Truist also raises its FY23 EPS view by 13c to $8.80 to reflect Arthur J. Gallagher’s better organic growth and investment income.
Published first on TheFly
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