Brown & Brown price target raised to $118 from $116 at Truist

Truist raised the firm’s price target on Brown & Brown to $118 from $116 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm is raising its FY24 EPS view by 6c to $3.72 to reflect the upside in the quarter as well as increased optimism regarding the company’s organic growth, the analyst tells investors in a research note.