|Over a week ago|
Arthur J. Gallagher acquires The Merriam Agency, terms not disclosed » 09:1109/2109/21/20
Arthur J. Gallagher &…
Arthur J. Gallagher & Co. announced the acquisition of Charles W. Merriam & Son, dba The Merriam Agency. Terms of the transaction were not disclosed. Founded in 1895, The Merriam Agency is a full-service insurance agency with offices in upstate N.Y. (including Schenectady) and Colorado Springs, Colo.
Arthur J. Gallagher acquires Erin P. Collins & Associates, terms not disclosed » 09:0009/1809/18/20
Incorporated in 1994, ECA…
Incorporated in 1994, ECA is an employee benefits and workplace wellbeing consultant serving clients throughout the state of Arizona from offices in Kingman and Phoenix.
Arthur J. Gallagher price target raised to $125 from $120 at Deutsche Bank » 06:5509/1709/17/20
Deutsche Bank analyst…
Deutsche Bank analyst Phil Stefano raised the firm's price target on Arthur J. Gallagher (AJG) to $125 from $120 and keeps a Buy rating on the shares. The analyst increased forward estimates to reflect the company's guidance around organic growth and the short-run benefit from expense savings initiatives. The valuation of Gallagher relative to Marsh & McLennan (MMC) continues to suggest that allagher is attractively priced, Stefano tells investors in a research note.
|Over a month ago|
Fly Intel: Top five analyst downgrades » 09:4308/2108/21/20
AJG, NBL, IP, DHI, VIPS
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Arthur J. Gallagher (AJG) downgraded to Underperform from Buy at BofA with analyst Joshua Shanker modeling downside for revenue in the near term due to recessionary pressures while noting that a "material" tax increase in 2022 will slow the company's GAAP earnings growth. 2. Noble Energy (NBL) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott citing Chevron's (CVX) deal to buy Noble in an all-stock transaction valued at $10.38 per share, a 7.5% premium to the prior day close and blow to his firm's valuation of $11 per share. 3. International Paper (IP) downgraded to Hold from Buy at Argus with analyst David Coleman saying the company is well-run and offers a strong track record in its industry, but it faces near-term challenges related to COVID-19 with uneven volume trends making earnings less predictable. 4. D.R. Horton (DHI) downgraded to Neutral from Outperform at Wedbush with analyst Jay McCanless citing valuation. 5. Vipshop (VIPS) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao stating the company's Q2 results suggest management is willing to reinvest the majority of the incremental profitthrough category mix optimization and saving on fulfillment expenses, in exchange for faster growth of active buyers, in contrast to the analyst's earlier view that Vipshop would take a more balanced approach. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Uber, Estee Lauder upgrades among today's top calls on Wall Street » 09:3608/2108/21/20
UBER, EL, WDAY, AJG, BABA
Check out today's top…
Arthur J. Gallagher double-downgraded to Underperform from Buy at BofA » 06:1408/2108/21/20
BofA analyst Joshua…
BofA analyst Joshua Shanker double-downgraded Arthur J. Gallagher to Underperform from Buy with a price target of $101, down from $117. The analyst is modeling downside for revenue in the near term due to recessionary pressures while noting that a "material" tax increase in 2022 will slow the company's GAAP earnings growth. The announcement of a "restructuring program" and investor focus on "cost saves" poses the "biggest risk" to his rating, Shanker tells investors in a research note.
Arthur J. Gallagher downgraded to Underperform from Buy at BofA » 06:0608/2108/21/20
BofA downgraded Arthur J.…
BofA downgraded Arthur J. Gallagher to Underperform from Buy with a $101 price target.
Arthur J. Gallagher acquires Canada's Insight Insurance & Risk Management » 12:3108/0508/05/20
Arthur J. Gallagher…
Arthur J. Gallagher announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk Management Ltd. Terms of the transaction were not disclosed. Founded in 2013, Insight is a retail insurance broker serving clients throughout Western Canada.
Arthur J. Gallagher price target raised to $125 from $110 at Raymond James » 08:4008/0308/03/20
Raymond James analyst…
Raymond James analyst Gregory Peters raised the firm's price target on Arthur J. Gallagher to $125 from $110 and keeps a Strong Buy rating on the shares, saying the company reported "impressive" Q2 results, including 45% y/y operating EPS growth, 5.3% y/y revenue growth and 35% y/y adjusted EBITAC growth.
Arthur J. Gallagher reports Q2 adjusted EPS 94c, consensus 72c » 16:3307/3007/30/20
Reports Q2 revenue…
Reports Q2 revenue $1.55B, consensus $1.41B.