As previously reported, Wells Fargo upgraded Brown & Brown to Overweight from Equal Weight with a price target of $112, up from $94. The firm says that dealing with a potential recession, combined with potential lower interest rates, and the prospects for an extremely active wind season, it believes the best sectors within insurance include personal lines plus insurance brokers. Brown & Brown provides exposure to the middle-market, where pricing is holding up better than large account space, Wells adds.
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>>
Read More on BRO:
- Brown & Brown to host conference call
- Brown & Brown, Inc. enters into an agreement to acquire Quintes Holding B.V.
- Brown & Brown to acquire Netherlands-based Quintes Holding
- Brown & Brown price target raised to $110 from $95 at Raymond James
- Brown & Brown price target raised to $110 from $95 at RBC Capital