Keefe, Bruyette & Woods Maintains Underperform on Brown & Brown, Raises Price Target to $75-Report Released on 25 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Meyer Shields has maintained an Underperform rating on Brown & Brown (NYSE:BRO) but increased the price target from $70 to $75.
January 26, 2024 | 1:54 pm
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Brown & Brown's stock rating remains Underperform at Keefe, Bruyette & Woods, but the price target has been raised from $70 to $75.
While the increase in price target could be seen as a positive signal, the Underperform rating suggests that the analyst believes the stock will not perform as well as the broader market. This mixed message may lead to a neutral short-term impact on the stock price, as the market digests both the negative rating and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100