RBC Capital raised the firm’s price target on Brown & Brown to $87 from $81 and keeps an Outperform rating on the shares. The company’s Q4 results marked a “high note”, highlighted by a continuation of strong organic growth momentum across key segments of the platform, the analyst tells investors in a research note. Brown & Brown remains “in a sweet spot” given the company’s strong new business momentum and a continuation of favorable exposure unit/pricing contributions, the firm added.
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