Arthur J. Gallagher price target lowered to $280 from $290 at Truist

Truist lowered the firm’s price target on Arthur J. Gallagher (AJG) to $280 from $290 and keeps a Hold rating on the shares. After an investor meeting, the firm says its underlying model is essentially unchanged as the company’s outlook was in line with prior expectations, though it is raising its 2026 EPS forecast to $13.45 from $13.32 based on lower assumed losses in the Corporate segment based on management’s initial guidance. However, the firm is lowering its price target to reflect pressures on valuations across the group, the analyst noted.