Brown & Brown Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Brown & Brown, Inc. BRO is expected to report its second-quarter financial results, after the closing bell on July 24, 2023.

Analysts expect the company to post quarterly earnings at 59 cents per share, up from year-ago earnings of 51 cents per share. The company’s revenue might come in at $997.51 million.

Brown & Brown shares rose 0.2% to close at $71.20 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Truist Securities analyst Mark Hughes maintained a Buy rating and raised the price target from $73 to $82 on June 19, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 77%.
• Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and increased the price target from $59 to $62 on April 18, 2023. This analyst sees around 13% downside in the company’s stock and has an accuracy rate of 73%.
• Citigroup analyst Michael Ward upgraded the stock from Neutral to Buy and raised the price target from $62 to $69 on April 18, 2023. This analyst sees around 3% downside in the company’s stock and has an accuracy rate of 71%.
• Keefe, Bruyette & Woods analyst Meyer Shields maintained an Outperform rating and raised the price target from $66 to $69 on April 18, 2023. This analyst sees around 3% downside in the company’s stock and has an accuracy rate of 67%.
• RBC Capital analyst Mark Dwelle maintained a Sector Perform rating and cut the price target from $66 to $62 on Oct. 26, 2022. This analyst sees around 13% downside in the company’s stock and has an accuracy rate of 73%.

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