.July 24, 2024 09:06:20 PM

RBC Capital upgraded Brown & Brown, Inc. (NYSE:BRO) to Outperform from Hold, raising the price target to $110 from $95. The stock was trading at $97.56 at the time of the upgrade, reflecting strong confidence in the company’s future market performance. Brown & Brown has a market capitalization of around $27.83 billion and has garnered robust investor interest.

Brown & Brown, Inc., a leading insurance brokerage firm, saw a significant upgrade by RBC Capital, indicating a positive outlook on the company’s future market performance. The stock price was $97.56 at the time of the upgrade, with a new price target of $110 set by RBC Capital. The company’s second-quarter financial achievements have attracted attention from financial analysts and institutions, highlighting its strong position in the insurance sector.

Despite a slight decrease in stock price to $97.56 on the NYSE, Brown & Brown, Inc. has shown significant growth over the past year, trading as low as $66.73 and reaching highs of $99.08. With a market capitalization of around $27.83 billion and a trading volume of 1,733,652 shares, the company has garnered robust investor interest and confidence in its market value and financial health. RBC Capital’s upgraded outlook reflects anticipation of continued growth and success for Brown & Brown in the insurance industry.