Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Raised to $310.00

Royal Bank of Canada has increased its price target for Arthur J. Gallagher & Co. (NYSE:AJG) to $310.00, maintaining an "outperform" rating and implying a 23% upside. This comes after the financial services provider reported adjusted quarterly EPS of $2.84, beating estimates, and a 24.3% year-over-year revenue increase to $3.95 billion, although revenue fell short of expectations. The stock currently has a "Moderate Buy" consensus rating from analysts, with an average price target of $285.29.