Keefe Bruyette raised the firm’s price target on Brown & Brown to $102 from $100 and keeps an Underperform rating on the shares following the announced acquisition of Accession. The firm expects near-term organic growth pressure to constrain the shares, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 raised to $122 from $116 at BMO Capital
- Brown & Brown price target raised to $127 from $125 at Wells Fargo
- Hold Rating on Brown & Brown Amidst Strategic Acquisition and Market Challenges
- Brown & Brown 39.2M share Secondary priced at $102.00
- U.S.-China talks continue, IBM making large-scale quantum computer: Morning Buzz
