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Fly News Breaks for August 7, 2018
BRO
Aug 7, 2018 | 09:11 EDT
Credit Suisse analyst Michael Zaremski started Brown & Brown with a Neutral rating and $31 price target. Given the company's small commercial focus relative to global peers, he believes demand for consulting services and an incremental investment income tailwind will apply to the insurance brokerage space but not to Brown & Brown, making him relatively less bullish on its near-term prospects, especially given year to date outperformance partially attributable to trade war fears.
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