TD Cowen analyst Andrew Kligerman upgraded Arthur J. Gallagher (AJG) to Buy from Hold with a price target of $377, up from $295, following the company’s recent agreement to acquire AssuredPartners for $13.4B, or $12.4B net of $1B in deferred tax assets. The firm estimates about 10% EPS accretion in 2025 and thinks the stock’s current valuation could rise.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AJG:
- Arthur J. Gallagher upgraded to Market Perform at Keefe Bruyette
- Arthur J. Gallagher upgraded to Overweight from Neutral at Piper Sandler
- Arthur J. Gallagher acquires Encore Group, terms not disclosed
- Arthur J. Gallagher acquires BMR Insurance, terms not disclosed
- Arthur J. Gallagher acquires Afina Insurance Advisors, terms not disclosed