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Truist analyst Mark Hughes raised the firm’s price target on Arthur J. Gallagher (AJG) to $310 from $290 and keeps a Hold rating on the shares. The firm is adjusting its price target to reflect higher peer valuations in the broker group, though its 2025 EPS view is cut by 60c to $10.65 on dilution from the delayed close of the AssuredPartners acquisition, the analyst tells investors in a research note.

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