Arthur J. Gallagher price target raised to $309 from $301 at Wells Fargo

Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Arthur J. Gallagher to $309 from $301 and keeps an Overweight rating on the shares. Organic growth is lower in Q3 in part due to timing of the life business, and the full year outlook is now 7.5%, from 7%-9%, with 2025 still expected to look a lot like this year, the analyst tells investors in a research note. Based on M&A comments, the firm’s sense is they are not looking at McGriff.