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Arthur J. Gallagher price target raised to $340 from $320 at RBC Capital
The Fly

Arthur J. Gallagher price target raised to $340 from $320 at RBC Capital

RBC Capital raised the firm’s price target on Arthur J. Gallagher (AJG) to $340 from $320 and keeps an Outperform rating on the shares. The company generated solid organic growth across both units to close out the year, albeit similar to recent quarters, while its brokerage segment improved more than 100 bps as Arthur J. Gallagher continues to diligently manage costs, the analyst tells investors in a research note. The M&A pipeline remains steady and healthy, RBC added.

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