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Brown & Brown (BRO) Tops Q3 EPS by 3c

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Deutsche Bank Downgrades Brown & Brown (BRO) to Hold

October 24, 2016 7:09 AM EDT

Deutsche Bank downgraded Brown & Brown (NYSE: BRO) from Buy to Hold with a price target of $40.

Analyst Joshua Shanker said, "Brown & Brown reported $0.52 of 3Q16 adj. earnings and 4.3% organic revenue growth, and margins, while contracting from 3Q15, were ahead of our forecast.... More