Brown & Brown price target raised to $95 from $90 at Raymond James

Raymond James analyst C. Gregory Peters raised the firm’s price target on Brown & Brown to $95 from $90 and keeps an Outperform rating on the shares. The updated price target reflects the firm’s outlook for the company to report above peer average adjusted EBITDAC margins and free cash flow conversion rates with strong organic growth through 2025, the analyst tells investors in a research note.