Piper Sandler analyst Paul Newsome raised the firm’s price target on Arthur J. Gallagher to $238 from $220 and keeps a Neutral rating on the shares. As part of the firm’s end of quarter check-ins with companies in its coverage, Piper actively reviews its models for companies’ guidance. The firm is updating its model to more closely align with management’s guidance. The result is a slightly more pessimistic view of near-term earnings prospects.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AJG:
- Arthur J. Gallagher signs definitive agreement to acquire Eastern Insurance
- Arthur J. Gallagher & Co. Signs Agreement to Acquire Eastern Insurance Group, LLC
- Eastern Bankshares to merge with Cambridge Bancorp in $528M deal
- Arthur J. Gallagher price target raised to $264 from $250 at Citi
- Arthur J. Gallagher price target raised to $255 from $240 at RBC Capital