Keefe, Bruyette & Woods Downgrades Arthur J. Gallagher to Underperform, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Meyer Shields has downgraded Arthur J. Gallagher (AJG) from Market Perform to Underperform and reduced the price target from $237 to $230.
December 15, 2023 | 9:56 am
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NEGATIVE IMPACT
Arthur J. Gallagher was downgraded by Keefe, Bruyette & Woods from Market Perform to Underperform, with a price target reduction from $237 to $230.
Downgrades by analysts, especially from a neutral to a negative stance, can lead to a decrease in investor confidence and a potential short-term decline in the stock's price. The reduction in the price target further supports the expectation of a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100