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BRO

Brown & Brown

$31.57

1.05 (3.44%)

07:21
04/24/19
04/24
07:21
04/24/19
07:21

Brown & Brown price target raised to $36 from $32 at SunTrust

SunTrust analyst Mark Hughes raised his price target on Brown & Brown to $36 and kept his Buy rating after its Q1 outperformance, also raising his FY20 EPS view by 4c to $1.54. The analyst notes that the organic growth outlook for the stock looks "incrementally positive" after the management forecast Retail segment organic topline expansion to be "slightly" better in Q2. Hughes also cites "continued benefit" for Brown & Brown from strong economy and improved pricing environment.

  • 01

    May

  • 20

    May

BRO Brown & Brown
$31.57

1.05 (3.44%)

06/18/18
GSCO
06/18/18
INITIATION
Target $31
GSCO
Neutral
Brown & Brown initiated with a Neutral on valuation at Goldman Sachs
Goldman Sachs analyst Yaron Knar initiated Brown & Brown with a Neutral and $31price target citing valuation.
08/07/18
FBCO
08/07/18
INITIATION
Target $31
FBCO
Neutral
Brown & Brown initiated with a Neutral at Credit Suisse
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.
09/20/18
RHCO
09/20/18
NO CHANGE
Target $33
RHCO
Buy
Brown & Brown to continue organic growth trends, says SunTrust
SunTrust analyst Mark Hughes kept his Buy rating and $33 price target on Brown & Brown after its "first ever Investor Day" in New York, saying the management has expressed its intentions to drive organic growth with "new product initiatives and technology enhancements". The analyst also expects the company to continue executing its M&A strategy that is funded by cash flows, maintaining its "conservative leverage". Hughes further points to the company's wholesale brokerage business outperforming last year results and its National Programs segment outpacing the industry.
03/21/19
RHCO
03/21/19
NO CHANGE
Target $32
RHCO
Buy
Brown & Brown leads in value-add arena for insurers, says SunTrust
SunTrust analyst Mark Hughes kept his Buy rating and $32 price target on Brown & Brown after his travels with its management, saying the company CFO has highlighted the company's "leading position in the program management space" to investors. The analyst believes that in the National Programs division in particular, which accounts for a quarter of its revenue", Brown & Brown's captures up to 30% of earned premium vs. 10% normal commissions thanks to its broker partnerships. Hughes also sees "Insuretech" as a benefit to the company's National Programs, since "many of the new technology developments are targeting operational inefficiencies and should thus lower operating costs."

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KO

Coca-Cola

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MOS

Mosaic

$24.23

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Calyxt

$12.42

-0.13 (-1.04%)

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JPMorgan

$108.71

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Bank of America

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JPMorgan

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Bank of America

$27.67

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MMTOF

Mitsubishi Motors

$0.00

(0.00%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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STM

STMicroelectronics

$16.87

-0.155 (-0.91%)

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UMC

UMC

$2.18

0.03 (1.40%)

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AGN

Allergan

$164.20

34.55 (26.65%)

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AbbVie

$66.78

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AbbVie

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T-Mobile

$74.93

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S

Sprint

$6.86

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Dish

$37.93

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LEN

Lennar

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Pyxus

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GrubHub

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ALDX

Aldeyra

$5.85

-1.23 (-17.37%)

BHF

Brighthouse Financial

$32.74

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DLTR

Dollar Tree

$109.86

-2.86 (-2.54%)

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SSRM

SSR Mining

$13.72

-0.2 (-1.44%)

12:05
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Options
SSR Mining call volume above normal and directionally bullish »

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ALDX

Aldeyra

$5.85

-1.23 (-17.37%)

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  • 25

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UNH

UnitedHealth

$249.06

-0.59 (-0.24%)

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RGS

Regis

$16.62

-1.15 (-6.47%)

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EQT

EQT Corporation

$14.36

-1.02 (-6.63%)

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  • 10

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ABBV

AbbVie

$66.64

-11.77 (-15.01%)

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