Arthur J. Gallagher (AJG) Stock: $211 Target And Buy Rating

By Amit Chowdhry ● Jun 23, 2022
  • The shares of Arthur J. Gallagher (NYSE: AJG) have received a $211 price target from Jefferies. These are the details.

The shares of Arthur J. Gallagher (NYSE: AJG) have received a $211 price target from Jefferies. And Jefferies analyst Yaron Kinar is maintaining a “Buy” rating on the shares.

“Management commentary at the June investor meeting was largely in-line with 1Q22’s earnings call, with affirmation of 9% organic growth guidance (favorable P&C pricing and continued exposure growth),” wrote Kinar in a research note. “Margin upside may be capped by discretionary platform investment. We tweak our 2022E to be in-line with organic guidance, lighter 1H22 M&A and greater f/x headwind. We also adjust for updated D&A and earn out estimates, ultimately lowering 2022E by $0.10 (1%).”

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