Arthur J. Gallagher price target raised to $251 from $238 at Piper Sandler

Piper Sandler raised the firm’s price target on Arthur J. Gallagher to $251 from $238 and keeps a Neutral rating on the shares. The firm said Arthur J. Gallagher reported a “solid” quarter with better than expected organic growth and margins. The beat versus the firm’s expectation was primarily driven by a better profit margin in the brokerage division, the analyst tells investors in a research note.