Truist raised the firm’s price target on Brown & Brown to $85 from $82 and keeps a Buy rating on the shares after its Q2 earnings beat. The company appears to be executing well and benefiting from healthy insurance industry fundamentals, the analyst tells investors in a research note.
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Read More on BRO:
- Brown & Brown price target raised to $70 from $62 at Wells Fargo
- Brown & Brown, Inc. announces second quarter 2023 results, including total revenues of $1,047.3 million, an increase of 24.7%; Organic Revenue growth of 11.2%; diluted net income per share of $0.67; and Diluted Net Income Per Share – Adjusted of $0.68
- Brown & Brown reports Q2 adjusted EPS 68c, consensus 59c
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- Brown & Brown, Inc. enters into agreement to acquire New England Excess Exchange