Keefe, Bruyette & Woods Maintains Underperform on Brown & Brown, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Meyer Shields maintains an Underperform rating on Brown & Brown (NYSE:BRO) and raises the price target from $75 to $80.

April 10, 2024 | 2:14 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods maintains an Underperform rating on Brown & Brown but raises the price target from $75 to $80.
The maintenance of an Underperform rating suggests a negative outlook on the stock, despite the increase in price target. This could indicate that the analyst sees some improvement in the company's prospects but not enough to change the overall bearish stance. The increase in price target might provide a short-term positive sentiment, but the Underperform rating is likely to have a stronger negative impact on investor perception in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100