Brown & Brown price target lowered to $84 from $85 at Mizuho

Mizuho lowered the firm’s price target on Brown & Brown to $84 from $85 and keeps an Outperform rating on the shares. The firm adjusted estimates and targets among its North America insurance coverage, stating that it is most constructive on brokers, expects commercial pricing pressure moderation among property and casualty insurers and believes the setup for life insurers is “the most challenging.”