Wells Fargo raised the firm’s price target on Arthur J. Gallagher (AJG) to $344 from $315 and keeps an Overweight rating on the shares. The firm also raised its estimates for AssuredPartners deal. The expected deal accretion and favorable multiple paid had Arthur J. Gallagher outperforming peers, Wells notes.
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Read More on AJG:
- Arthur J. Gallagher 30.4M share Secondary priced at $280.00
- Arthur J. Gallagher & Co. (AJG) Inks Massive $13.45B Deal for AssuredPartners
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- Apax Funds to sell minority stake in AssuredPartners to Arthur J. Gallagher & Co
- Arthur J. Gallagher files to sell common stock, no amount given