Brown & Brown (BRO) Faces Target Reduction from Morgan Stanley Following Q1 Earnings Season
Morgan Stanley reduced its price target for Brown & Brown (BRO) to $60 from $65, reiterating an Equal Weight rating, following the Q1 earnings season where property and casualty insurers reported slower premium growth. Conversely, Citizens analyst Matthew Carletti initiated coverage with an Outperform rating and a $70 price target, anticipating improved organic growth and strong margins for the company. Brown & Brown is a diversified insurance organization specializing in property, casualty, and employee benefits.
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