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Brown & Brown Rallied 14% After Earnings But Growth Could Decelerate, Analyst Says

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Shares of Brown & Brown, Inc. (NYSE: BRO) have been on an uptrend, after the company announced a new revenue target for fiscal 2024.

The stock has rallied around 14%, after the company announced its earnings on Jan. 22, outperforming large-cap broker peers and S&P 500 each up +7%, which has “eroded upside,” according to BofA Securities.

The Brown & Brown Analyst: Grace Carter downgraded the rating for Brown & Brown from Neutral to Underperform, while raising the price target from $80 to $86.

The …

Full story available on Benzinga.com

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