BofA raised the firm’s price target on Brown & Brown to $80 from $77 and keeps a Neutral rating on the shares after the company reported Q4 adjusted EPS that beat the firm’s forecast and consensus. Upon integrating Q4 results into the firm’s model, BofA’s forward EPS estimates net rise on higher organic growth, the analyst tells investors, adding that the firm sees “relatively modest upside” based on its revised target.
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>>
See the top stocks recommended by analysts >>
Read More on BRO:
- Brown & Brown, Inc. announces fourth quarter 2023 results, including total revenues of $1,026.2 million, an increase of 13.8%; Organic Revenue growth of 7.7%; diluted net income per share of $0.94; Diluted Net Income Per Share – Adjusted of $0.58; and a new alignment of its businesses into three segments
- Options Volatility and Implied Earnings Moves Today, January 22, 2024
- Brown & Brown (BRO) Q4 Earnings Cheat Sheet
- Kathleen A. Savio named to Brown & Brown, Inc. board of directors
- Brown & Brown, Inc. announces quarterly cash dividend