Arthur J Gallagher shares downgraded to "sell"

Arthur J Gallagher downgraded to "sell" - newratings.com: "NEW YORK, January 12 (newratings.com) - Analysts at Stifel Nicolaus & Company downgrade Arthur J Gallagher & Co (AJG) to 'sell,' while reducing their estimates for the company.

In a research note published this morning, the analysts mention that the company’s brokerage revenue growth for 4Q is expected to be disappointing. Arthur J Gallagher’s revenues and margins in the Risk Management segment are likely to be adversely impacted by challenging employment trends, the analysts add. The EPS estimates for FY08 and FY09 have been reduced from $1.43 to $1.41 and from $1.51 to $1.42, respectively."