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BUZZ-Piper Sandler upgrades Arthur J. Gallagher to 'overweight''

ReutersJan 8, 2025 12:07 PM

** Piper Sandler upgrades insurance broker Arthur J. Gallagher's AJG.N shares to "overweight" from "neutral"

** Brokerage says AJG's successful track record of acquisitions and industry-leading organic growth sets it apart from peers

** Piper Sandler expects AJG's organic growth to be about 7.2% in 2025

** "AssuredPartners acquisition is strategically good for AJG" - brokerage

** Piper Sandler raises PT on Arthur J. Gallagher's shares to $315 from $285, a 12.6% upside to stock's last close

** 10 of 18 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell"; median PT $304 - LSEG

** Arthur J. Gallagher's shares rose 26.2% in 2024

(Reporting by Prakhar Srivastava in Bengaluru)

((prakhar.srivastava2@thomsonreuters.com))

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