Brown & Brown, Inc. (BRO) Misses Q1 EPS by 2c

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Go back to Brown & Brown, Inc. (BRO) Misses Q1 EPS by 2c

Compass Point Downgrades Brown & Brown (BRO) to Neutral

April 23, 2014 8:06 AM EDT

Compass Point downgraded Brown & Brown (NYSE: BRO) from Buy to Neutral with a price target of $33.00 (from $36.00) following Q1 results.

Analyst Ken Billingsley states, "The integration of larger account business from Beecher Carlson coupled with the soon to be completed Wright Insurance Group Acquisition in 2Q14 will continue to add margin pressure in the... More