Mizuho Raises Arthur J. Gallagher & Co. (NYSE:AJG) Price Target to $300.00

Mizuho has increased its price target for Arthur J. Gallagher & Co. (NYSE:AJG) to $300.00 from $287.00, maintaining an "outperform" rating and suggesting a 19.58% upside. Despite the company reporting adjusted EPS of $2.84, which slightly exceeded estimates, its revenue of $3.95 billion missed analyst expectations, although it represented a 24.3% year-over-year increase. Higher expenses and lower interest income led to a decline in net income and GAAP EPS, even with 6% organic growth and stock repurchases.