Barclays maintains an 'Overweight' on Brown & Brown (BRO); Organic Growth Turns Positive - Peers Should Also Benefit

Article Stock Quotes (5) Comments (0)

Barclays maintains an 'Overweight' on Brown & Brown (NYSE: BRO) price target of $28.00.

Analyst, Sarah DeWitt, said, "BRO reported higher-than-projected 1Q12 EPS, and organic growth turned positive for the first time since 4Q06, which is faster than we anticipated...As BRO's organic growth accelerates, the company could benefit from significant positive operating leverage and EPS growth."

DeWitt sees Arthur J Gallagher (NYSE: AJG), Willis Group (NYSE: WSH), Marsh & McLennan (NYSE: MMC) and Aon Corporation (NYSE: AON) benefitting laterally from Brown & Brown's Q1 report.

For an analyst ratings summary and ratings history on Brown & Brown click here. For more ratings news on Brown & Brown click here.

Shares of Brown & Brown closed at $24.04 yesterday, with a 52 week range of $16.77-$26.45.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• Mont Blanc Capital Downgrades Flexible Solutions Int. (FSI) to Hold
• Deutsche Bank Downgrades TRW Automotive Holdings (TRW) to Hold

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Barclays

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?