Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Arthur J. Gallagher (AJG) to $308 from $295 and keeps a Market Perform rating on the shares. The price the company is paying for San Francisco-based broker Woodruff Sawyer, $1.2B, is not “unduly expensive,” the analyst tells investors in a research note.
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Read More on AJG:
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- Arthur J. Gallagher acquires Dyste Williams, terms not disclosed
- Arthur J. Gallagher acquires Case Group
- Arthur J. Gallagher’s AssuredPartners Acquisition: Navigating Risks and Market Uncertainties
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