TD Cowen analyst Andrew Kligerman upgraded Arthur J. Gallagher (AJG) to Buy from Hold with a price target of $377, up from $295, following the company’s recent agreement to acquire AssuredPartners for $13.4B, or $12.4B net of $1B in deferred tax assets. The firm estimates about 10% EPS accretion in 2025 and thinks the stock’s current valuation could rise.
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