Evercore ISI analyst David Motemaden raised the firm’s price target on Arthur J. Gallagher to $233 from $231 and keeps an Outperform rating on the shares after the company held its Q2 investor meeting and “slightly increased” its outlook for brokerage organic growth to be at the higher end of the previously communicated 7%-9% range. The firm comes away from the event more positive on the organic growth outlook, though it adds “admittedly we have already reflected this” in estimates.
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Published first on TheFly
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