Brown & Brown price target lowered to $72 from $76 at RBC Capital

RBC Capital lowered the firm’s price target on Brown & Brown to $72 from $76 and keeps a Sector Perform rating on the shares. The company continues to navigate a challenging macro environment and a litany of near-term movements that complicate its top-line result, though notably, the Accession integration remains on track for EBITDAC synergy targets, the analyst tells investors in a research note. M&A is slow, but the firm expect strong buyback totals through 2027, RBC added.