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Fly News Breaks for November 18, 2019
BRP
Nov 18, 2019 | 07:35 EDT
Raymond James analyst C. Gregory Peters initiated coverage of BRP Group with an Outperform rating and $19 price target. In a research note to investors, Peters says BRP has substantially outperformed the industry on key metrics, including total revenue growth of 40% and 57% in 2018 and 2017, respectively, with corresponding organic growth of 18% in 2018 and 17% in 2017. BRP has "catapulted" to the 44th largest broker ranking in 2018 compared with its ranking of 105th in 2015, he adds.
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