Jefferies analyst Yaron Kinar raised the firm’s price target on Arthur J. Gallagher to $245 from $238 and keeps a Buy rating on the shares following the company’s June investor meeting. Commentary was “incrementally more bullish” on organic growth and margins and management pointed to pricing, exposure, and competitive wins driving FY23 organic to the top half of its previous 7-9% guidance range for the Brokerage segment, notes the firm, which raised its FY23 and FY25 EPS forecasts and leaves its FY24 view unchanged.
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