Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Brown & Brown Inc (NYSE: BRO) weakened during the last several trading days. BRO’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Brown & Brown Inc (NYSE: BRO) stock rose modestly by 0.8% on 5/3/24. The stock closed at $83.50. Trading volume in this advance was normal. The stock has risen 1.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BRO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Brown & Brown has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Brown & Brown has a neutral Appreciation Score of 44 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.
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