Argus lowered the firm’s price target on Arthur J. Gallagher (AJG) to $330 from $370 and keeps a Buy rating on the shares following the Q2 report. The views the recent pullback in the shares as a buying opportunity. Argus expects organic growth of more than 9% in the company’s brokerage unit in 2025, compared to its forecast of 6%-8%. The company has 40 term sheets signed or being prepared, representing approximately $500M of annualized revenue, the analyst tells investors in a research note.
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