Brown & Brown (BRO) Tops Q3 EPS by 3c
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Goldman Sachs Reiterates Buy Rating on Brown & Brown (BRO)
October 29, 2024 6:17 AM EDTGoldman Sachs analyst Robert Cox reiterated a Buy rating and $115.00 price target on Brown & Brown (NYSE: BRO).
The analyst comments "BRO's 3Q24 adjusted EPS of $0.93 beat Visible Alpha Consensus Data/GSe of $0.85/$0.88. The EPS beat versus the Street was driven by a +190bps organic growth beat (+9.5% vs consensus/GSe +7.6%/+8.2%) and a +60bps adjusted EBITDAC margin beat (34.9% vs consensus/GSe 34.3%/34.9%) despite the Retail... More
