BMO Capital analyst Michael Zaremski raised the firm’s price target on Brown & Brown to $122 from $116 and keeps an Outperform rating on the shares. The company’s acquisition of Accession Risk adds diversification that may become more relevant should commercial property pricing trends continue to fade, particularly in Florida, where Brown & Brown is overweight, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 $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
- Morning Movers: Insmed jumps, United Therapeutics falls after TPIP study results