Barclays analyst Alex Scott raised the firm’s price target on Arthur J. Gallagher (AJG) to $346 from $308 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”
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Read More on AJG:
- Arthur J. Gallagher price target raised to $372 from $370 at Wells Fargo
- Arthur J. Gallagher acquires Bircroft Insurance Services, terms undisclosed
- Arthur J. Gallagher acquires Imbs Holdings for undisclosed amount
- Arthur J. Gallagher acquires Tresidder Insurance Brokers, terms undisclosed
- Arthur J. Gallagher acquires Litchfield Special Risks
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