Citigroup Maintains Buy on Brown & Brown, Raises Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Ward has maintained a Buy rating on Brown & Brown (NYSE:BRO) and increased the price target from $89 to $94, indicating a positive outlook on the company's stock.
April 16, 2024 | 11:43 am
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Citigroup has reaffirmed its Buy rating on Brown & Brown, raising the price target to $94 from $89, signaling confidence in the company's future performance.
The increase in price target by a reputable analyst like Michael Ward from Citigroup suggests a strong bullish sentiment towards Brown & Brown. This endorsement is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100