BofA raised the firm’s price target on Brown & Brown to $117 from $116 and keeps a Neutral rating on the shares after Q4 operating EPS of 86c beat the firm’s estimate of 77c and Street consensus of 75c as organic growth of 13.8% ran ahead of the firm’s 11.2% expectation. The firm’s price target is “rising modestly in line with higher forecasts,” despite a slight tick-down in S&P 500 multiple, the analyst noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRO:
- Closing Bell Movers: Graco down 5% as earnings, guidance miss
- Bro Earnings: Insurer Brown & Brown’s Financial Results Beat Wall Street Forecasts
- Brown & Brown reports Q4 adjusted EPS 86c, consensus 77c
- Options Volatility and Implied Earnings Moves Today, January 27, 2025
- BRO Earnings this Week: How Will it Perform?