Arthur J. Gallagher price target lowered to $340 from $352 at Piper Sandler

Piper Sandler analyst Paul Newsome lowered the firm’s price target on Arthur J. Gallagher (AJG) to $340 from $352 and keeps an Overweight rating on the shares. The firm is adjusting the mechanics of its model that was double-counting acquisition earnout payables in the brokerage segment. Piper is also adjusting the mechanics of its assumptions for the acquisition of Woodruff Sawyer. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced ...