tiprankstipranks
Trending News
More News >

Arthur J. Gallagher price target lowered to $327 from $346 at Barclays

Barclays analyst Alex Scott lowered the firm’s price target on Arthur J. Gallagher (AJG) to $327 from $346 and keeps an Equal Weight rating on the shares. Heading into Q2 earnings, the firm is more cautious on property and casualty carriers, saying underwriting margins face pressure from softening rates and unfavorable mix shift. Barclays is more constructive on reinsurers due to “idiosyncratic tailwinds” and capital return potential in the second half of the year. The analyst names Everest Group (EG) and Hartford Insurance (HIG) as top ideas.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1