Arthur J. Gallagher (AJG) Upgraded by Mizuho as Insurance Brokerage Outlook Improves

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Mizuho upgraded Arthur J. Gallagher (AJG) to Outperform from Neutral with a $260 price target, citing improved outlook for insurance brokerage firms that serve middle-market and large clients, as they face less disruption threat from AI. The upgrade follows a recent selloff in the insurance property and casualty sector. Arthur J. Gallagher also recently acquired Krose GmbH & Co KG, a German commercial insurance and reinsurance brokerage, expanding its European presence.

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