Arthur J. Gallagher price target raised to $346 from $308 at Barclays

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.”