Wells Fargo lowered the firm’s price target on Arthur J. Gallagher (AJG) to $311 from $328 and keeps an Overweight rating on the shares. Into quarterly results for the insurance space, the firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/capital/guidance for life companies.
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Read More on AJG:
- Arthur J. Gallagher downgraded to Market Perform from Outperform at BMO Capital
- Arthur J. Gallagher price target lowered to $247 from $250 at Barclays
- Arthur J. Gallagher price target lowered to $292 from $293 at Goldman Sachs
- Arthur J. Gallagher downgraded to Neutral from Overweight at Piper Sandler
- Arthur J. Gallagher price target raised to $279 from $272 at Keefe Bruyette