KBW raises price target for Brown & Brown to $102, but still maintains Underperform rating

From Yahoo Finance: 2025-06-23 11:55:00

Keefe, Bruyette & Woods raised Brown & Brown’s price target to $102 on June 13, but maintained an Underperform rating. The increase follows the company’s acquisition of Accession, set to close in mid-Q3 2025. KBW also adjusted earnings estimates, with 2025 EPS forecast at $4.15, 2026 at $4.75, and 2027 at $5.25.

Despite the optimistic outlook, KBW retains its Underperform rating due to concerns about near-term organic growth. The firm highlighted Q2 2025 as a potential pressure point, as property insurance rates are anticipated to decline and face tough comparisons from Q2 2024. This could lead to weaker year-over-year growth figures.

While KBW remains bearish on Brown & Brown, others see potential in the stock. Despite acknowledging BRO’s investment possibilities, some believe other AI stocks offer higher returns with limited downside risk. For those seeking an affordable AI stock with potential benefits from Trump tariffs and onshoring, check out a free report on the best short-term AI stock.

Read more: KBW Raises Target on Brown & Brown, But Kept Bearish Stance