Arthur J. Gallagher price target raised to $254 from $252 at Piper Sandler

Piper Sandler analyst Paul Newsome raised the firm’s price target on Arthur J. Gallagher to $254 from $252 and keeps a Neutral rating on the shares. Bottom line results were in line with the firm’s expectations but better than consensus, and organic growth was weaker than the firm expected but was in line with expectations, the analyst tells investors in a research note.