In a report published Wednesday, Credit Suisse analyst Ryan Tunis initiated coverage on Arthur J. Gallagher & Co. (NYSE: AJG) with an Outperform rating and $53.00 price target.
In the report, Credit Suisse noted, "Despite concern around rate softening in the U.S., we think that the combination of U.S. economic growth and our expectation for moderate P&C rate softening still compares favorably to other major commercial P&C markets, particularly in the smaller middle-market commercial segment, a major part of AJG's business. As a result, we expect AJG to generate the best organic growth of the brokers in our coverage in 2015. In our view, the company's lack of exposure to the structurally challenged reinsurance brokerage business and limited exposure to healthcare exchanges provide added 24-month visibility around growth."
Arthur J. Gallagher closed on Tuesday at $46.75.
Latest Ratings for AJG
| Apr 2015 | Credit Suisse | Initiates Coverage on | Outperform | |
| Feb 2015 | Citigroup | Upgrades | Neutral | Buy |
| Dec 2014 | Deutsche Bank | Maintains | Buy |
View More Analyst Ratings for AJG
View the Latest Analyst Ratings
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