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You are here: Home / Deutsche Bank Securities Initiates coverage with BUY Rating on Brown and Brown (BRO)
Deutsche Bank Securities Initiates coverage with BUY Rating on Brown and Brown (BRO)
January 11, 2012
NEW YORK, January 11 (FinanceEnquiry.com) - Analyst Yaron Kinar at Deutsche Bank Securities initiates coverage with a Buy rating on the shares of Brown & Brown (NYSE: BRO). The 12-month target price is set to $27.
In a research note published yesterday, the analyst mentions that investor expectations for BRO are low based on a group-low EV/EBITDA valuation after 19 quarters of organic revenue decline. The decline is an indication of brief confluence of external pressures that affected Brown
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