Compass Point Starts Arthur J. Gallagher (AJG) at Buy
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Price: $263.81 +1.62%
Rating Summary:
20 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
20 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Compass Point initiates coverage on Arthur J. Gallagher (NYSE: AJG) with a Buy. PT $50.00.
The analyst comments, "AJG shares have traded up nicely since the middle of 2011. A hardening P&C market, accelerated M&A activity at the end of 2012, and a growing although anemic economic recovery are all contributing to the strength in AJG shares. We expect further upward movement in the share price as operating margins continue to improve, M&A expansion adds revenues to the top line, and the company’s clean energy investments begin to consistently deliver on their tax savings promise."
For an analyst ratings summary and ratings history on Arthur J. Gallagher click here. For more ratings news on Arthur J. Gallagher click here.
Shares of Arthur J. Gallagher closed at $44.85 yesterday.
The analyst comments, "AJG shares have traded up nicely since the middle of 2011. A hardening P&C market, accelerated M&A activity at the end of 2012, and a growing although anemic economic recovery are all contributing to the strength in AJG shares. We expect further upward movement in the share price as operating margins continue to improve, M&A expansion adds revenues to the top line, and the company’s clean energy investments begin to consistently deliver on their tax savings promise."
For an analyst ratings summary and ratings history on Arthur J. Gallagher click here. For more ratings news on Arthur J. Gallagher click here.
Shares of Arthur J. Gallagher closed at $44.85 yesterday.
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