Truist Securities Downgrades Arthur J. Gallagher to Hold, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Mark Hughes downgraded Arthur J. Gallagher (AJG) from Buy to Hold and reduced the price target from $280 to $255.
April 10, 2024 | 11:27 am
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Arthur J. Gallagher was downgraded by Truist Securities from Buy to Hold, with a price target reduction from $280 to $255.
The downgrade from Buy to Hold suggests a less optimistic outlook on AJG's stock performance by Truist Securities. The reduction in the price target further indicates a lowered expectation for the stock's future price, which could negatively impact investor sentiment and potentially lead to a short-term decrease in AJG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100