UPDATE: Bank of America Upgrades Arthur J. Gallagher & Co. to Buy on Tailwinds

Loading...
Loading...
Bank of America upgraded Arthur J. Gallagher & Co.
AJG
from Neutral to Buy and raised the price target from $38.00 to $41.00. Bank of America noted, "We are upgrading our opinion on the shares of AJG to Buy from Neutral. Given fundamental trends revealed in the 4Q12 earnings report and our stance on commercial lines market conditions, we have a more optimistic view of the company's earnings potential for the next several years and our price objective. … The increase reflects both an increase in our expectations for EPS and a shift to 2014 results for our valuation framework. Our $41 price objective is just over 16x our revised 2014 estimate." Arthur J. Gallagher & Co. closed at $36.31 on Wednesday.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorUpgradesAnalyst RatingsBank of America
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...