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One-stop lending hub
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Customized wealth management empowers your assets growth
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Stake cryptos to earn in PoS products
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New
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GUSD Minting
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Mizuho upgrades Arthur J. Gallagher stock rating on valuation
Mizuho upgraded Arthur J. Gallagher & Co. (NYSE:AJG) to Outperform from Neutral, setting a new price target of $260.00, down from $277.00. The upgrade is based on an estimated $6.2 billion of adjusted EBITDAC for the company’s fifth through eighth quarters, applying a 13.7x enterprise value to EBITDAC multiple. Despite the lower price target, it represents an 18% upside from current levels, with Mizuho believing the insurance brokerage group is oversold.