Brown & Brown rises as TD Cowen starts coverage with 'buy'

Brown & Brown

12/10/2026 12:31

** Shares of insurance broker Brown & Brown BRO.N up 1.45% at $63.79
** TD Cowen starts coverage of co with a "buy" rating and a PT of $82, implying a 30% upside to stock's last close
** Says pressure from falling property insurance rates is hiding a durable brokerage business
** Expects organic growth to improve, helped by synergies from the Accession acquisition
** 7 of 24 brokerages rate the stock "buy" or above, 16 "hold" and 1 "sell"; median PT is $74.50 - data compiled by LSEG
** As of last close, stock has fallen 21.10% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))