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

Summary of Key Points Core Viewpoint - Piper Sandler analyst Paul Newsome has reduced the price target for Arthur J. Gallagher (AJG) from $352 to $340 while maintaining an Overweight rating on the shares [1]. Adjustments in Financial Model - The firm is modifying its financial model due to the previous double-counting of acquisition earnout payables in the brokerage segment [1]. - Adjustments are also being made to the assumptions regarding the acquisition of Woodruff Sawyer [1].