Arthur J. Gallagher & Co. (NYSE:AJG) reported upbeat earnings for the second quarter on Thursday.The company posted quarterly earnings of $2.84 per share which beat the analyst consensus estimate of $2.82 per share. The company reported quarterly sales of $4.003 billion which missed the analyst consensus estimate of $4.009 billion.Arthur J. Gallagher shares fell 6.4% to $240.00 in pre-market trading.These analysts made changes to their price targets on Arthur J. Gallagher following earnings announcement.

Keefe, Bruyette & Woods analyst Meyer Shields maintained the stock with a Market Perform and raised the price target from $261 to $271.

Truist Securities analyst Mark Hughes maintained the stock with a Hold and boosted the price target from $225 to $265.