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Add as a preferred source on GoogleCiti Cuts Arthur J. Gallagher to Neutral as Pricing Support Fades
Citi analyst Matthew Heimermann expects organic growth to remain relatively stable as insurance pricing provides less support.
Citi lowered its rating on Arthur J. Gallagher & Co. (AJG) to Neutral from Buy on Nov. 2, saying the insurance broker’s stock “appears to reasonably discount the outlook.”
Citi analyst Matthew Heimermann said, “We expect organic growth to remain relatively stable despite a diminishing tailwind from insurance pricing.”
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.