On July 17, Arthur J. Gallagher rose 3.02% in regular trading, trading at $255.845/share, with turnover of $204 million.
The rally was primarily driven by Piper Sandler upgrading AJG from Neutral to Overweight on July 15, significantly raising its price target from $225 to $276. Additionally, RBC Capital recently lifted its target to $300 from $260 while maintaining an Outperform rating. Over the past week, Wells Fargo ($299), UBS ($291), Mizuho ($287), and Keefe Bruyette & Woods ($261) have all raised their price targets, pushing the consensus mean target to approximately $283.
The broader Insurance Brokers sector displayed synchronized strength, with Ryan Specialty Group up 4.41%, Brown & Brown up 4.02%, Aon up 3.53%, Marsh up 3.39%, and Willis Towers Watson up 3.26%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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