UBS lowered the firm’s price target on Brown & Brown to $106 from $120 and keeps a Neutral rating on the shares. Property and casualty insurance stocks underperformed in Q3, but lighter catastrophe losses support higher earnings estimates, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRO:
- Brown & Brown price target lowered to $102 from $108 at Barclays
- Brown & Brown price target lowered to $100 from $105 at Morgan Stanley
- Brown & Brown price target raised to $92 from $87 at Keefe Bruyette
- Brown & Brown appoints new RSLs, RVPs, Manzi as NA Retail Brokerage Leader
- Brown & Brown COO Steve Hearn to lead all operations outside of North America