As previously reported, BofA downgraded Brown & Brown to Neutral from Buy with a price target of $97, down from $135, citing softening property insurance rates and general economic uncertainties. Limited upside to the firm’s price objective underlies its Neutral thesis, but the firm considers Brown as having the “cleanest” accounting across the firm’s broker coverage universe and still values it at a premium to peers, the analyst noted.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRO:
- Brown & Brown downgraded to Neutral from Buy at BofA
- Brown & Brown price target lowered to $104 from $112 at Citi
- Brown & Brown’s Financial Stability at Risk Amid Captive Insurance and Legal Challenges
- Brown & Brown Reports Strong Revenue Growth in Q3 2025
- Brown & Brown’s Earnings Call Highlights Strong Growth