Raymond James Maintains Bullish View on Brown & Brown (BRO) Despite Lower PT

With a 5-year average dividend growth rate of 12.21%, Brown & Brown, Inc. (NYSE:BRO) is included among the 14 Best Dividend Stocks to Buy for Steady Growth.

On May 4, Raymond James lowered its price recommendation on Brown & Brown, Inc. (NYSE:BRO) to $65 from $82. It reiterated an Outperform rating on the shares. The analyst said Brown & Brown shares had fallen sharply despite expectations for continued positive organic revenue and EPS growth through 2026 to 2028, along with strong free cash flow generation. The note added that the stock was trading at a discounted 13x 2026 P/E and an 8.8% free cash flow yield, levels that stood out compared with prior trough valuations seen during the company’s last period of negative organic growth.

On April 29, RBC Capital lowered its price goal on BRO to $72 from $76. It kept a Sector Perform rating on the stock. The analyst said the company continues to operate through a difficult macro environment and several near-term factors affecting top-line results. Even so, the Accession integration was said to remain on track to meet EBITDAC synergy targets. RBC also noted that M&A activity has been slow, though the firm expects strong share buyback totals through 2027.

Brown & Brown, Inc. (NYSE:BRO) is a diversified insurance agency, wholesale brokerage, insurance programs, and service organization. The company markets and sells insurance products and services mainly in the property, casualty, and employee benefits markets.

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