B of A Securities Downgrades Brown & Brown to Underperform, Raises Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Grace Carter downgraded Brown & Brown (NYSE:BRO) from Neutral to Underperform, while raising the price target from $80 to $86.
March 13, 2024 | 12:03 pm
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NEGATIVE IMPACT
Brown & Brown was downgraded from Neutral to Underperform by B of A Securities, although the price target was raised from $80 to $86.
The downgrade to Underperform suggests a negative outlook on the stock's performance in the short term, despite the increase in price target. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100