Arthur J. Gallagher price target raised to $310 from $290 at RBC Capital

RBC Capital analyst Scott Heleniak raised the firm’s price target on Arthur J. Gallagher to $310 from $290 and keeps an Outperform rating on the shares. The company’s Q2 results saw “good execution”, while healthy organic growth trends continued across both segments in the quarter, the analyst tells investors in a research note. P&C market conditions generally remain favorable and the company’s M&A pipeline has also strengthened vs. last quarter, RBC added.