RBC Capital analyst Scott Heleniak raised the firm’s price target on Brown & Brown to $120 from $118 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s organic growth trends remain strong with its Programs unit again leading the way, and while flood claims processing revenue was an organic growth driver, overall new business trends remain healthy, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRO:
- Brown & Brown Reports Strong Revenue Growth in Q4 2024
- Brown & Brown price target raised to $117 from $116 at BofA
- Closing Bell Movers: Graco down 5% as earnings, guidance miss
- Bro Earnings: Insurer Brown & Brown’s Financial Results Beat Wall Street Forecasts
- Brown & Brown reports Q4 adjusted EPS 86c, consensus 77c