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Stock impact report

BofA Lowers Long-Term Earnings Outlook for Brown & Brown (BRO) After Q4 Results [Yahoo! Finance]

Brown & Brown, Inc. (BRO) 
Last brown & brown, inc. earnings: 4/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: brown.edu
Company Research Source: Yahoo! Finance
On January 27, BofA analyst Joshua Shanker cut his price target on Brown & Brown, Inc. (NYSE:BRO) to $90 from $94. The analyst kept a Neutral rating on the stock. He said fourth-quarter operating earnings came in at $0.93 per share, below the firm's $0.96 estimate but slightly ahead of the Street's consensus of $0.90. After the results, BofA lowered its earnings forecasts for 2026, 2027, and 2028 by 4.8%, 5.1%, and 5.3%, pointing to slower expected organic growth. A day earlier, Brown & Brown reported higher adjusted profit for the fourth quarter, helped by stronger commission and fee income. The market response was less forgiving. Shares fell nearly 6% as investors focused on weakening organic growth. Organic revenue slipped to $1.08 billion in the three months ended December 31, down from $1.11 billion a year earlier. At the same time, commissions and fees rose sharply. The company posted a 36% increase to $1.58 billion for the quarter. That pushed total revenue up to $1.61 bil Show less Read more
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