Mizuho analyst Yaron Kinar lowered the firm’s price target on Brown & Brown to $84 from $90 and keeps a Neutral rating on the shares post the Q4 report. The firm reduced estimates to reflect the company’s near-term revenue growth headwinds.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRO:
- Brown & Brown downgraded to Neutral from Buy at Citi
- Brown & Brown Earnings Call: Growth Strong, Margins Tested
- Brown & Brown: Slowing Organic Growth and Talent Pressures Justify Hold Rating Despite Valuation Discount
- Brown & Brown price target lowered to $90 from $94 at BofA
- Brown & Brown price target lowered to $82 from $83 at Barclays