B of A Securities Maintains Underperform on Arthur J. Gallagher, Raises Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Shanker maintains an Underperform rating on Arthur J. Gallagher (NYSE:AJG) but raises the price target from $233 to $255.
May 22, 2024 | 10:50 am
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NEUTRAL IMPACT
B of A Securities has maintained an Underperform rating on Arthur J. Gallagher (NYSE:AJG) while raising the price target from $233 to $255. This suggests that while the analyst sees some potential for price appreciation, they still believe the stock will underperform relative to the market.
The Underperform rating indicates a bearish outlook, but the raised price target suggests some positive expectations. The mixed signals likely result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100