BofA analyst Joshua Shanker raised the firm’s price target on Brown & Brown to $128 from $126 and keeps a Neutral rating on the shares. The firm’s EPS forecasts fall modestly from lower growth projections and lower investment yield expectations, but its price target ticks up with the year-ahead S&P 500 P/E multiple.
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Read More on BRO:
- Brown & Brown: Solid Revenue Growth Amid Challenges Justifies Hold Rating
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- Is BRO a Buy, Before Earnings?
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