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Arthur J. Gallagher price target lowered to $225 from $235 at Truist

Truist lowered the firm’s price target on Arthur J. Gallagher (AJG) to $225 from $235 and keeps a Hold rating on the shares. The company’s adjusted Q1 EPS exceeded estimates, but the firm is trimming its price target as a result of valuation compression across the P&C brokerage space, the analyst tells investors in a research note.

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