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Brown & Brown price target raised to $127 from $125 at Wells Fargo

Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Brown & Brown to $127 from $125 and keeps an Overweight rating on the shares as the firm updates estimates for the Accession deal. Wells’ 2026 EPS goes up by 6%, with 2027 rising by 8%. Shares now trade at 21.7 times the firm’s 2026 EPS estimate and are more attractive with the accretion coming from the deal.

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