KBW raises Brown & Brown PT and 2025 EPS forecast after Accession deal announcement

Brown & Brown

13/06/2025 14:07

** 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

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))