
Keefe, Bruyette & Woods raises price target of insurance broker Brown & Brown BRO.N to $102 from $100; maintains "underperform" rating
On Tuesday, BRO announced its plan to buy rival Accession Risk Management in a $9.83 billion cash-and-stock deal
KBW raises BRO's 2025 EPS estimate to $4.15 from $4.10, expecting higher deal-related revenue and earnings for the company
Six of 15 brokerages rate the stock "buy" or higher, eight "hold" and one "sell"; their median PT is $120.50 - data compiled by LSEG
As of last close, stock up ~4.7% YTD