TD Cowen Starts Brown & Brown Coverage With Buy Rating, $82 Target

TD Cowen began covering Brown & Brown with a Buy rating and an $82 price target, placing the insurance brokerage’s shares at the center of a new analyst view with approximately 30% implied upside.

Brown & Brown shares were at $63.79, up 1.45% on Oct. 12. The $82 target is about 30% above the stock’s previous close.

Brown & Brown is an insurance brokerage whose common stock trades on the New York Stock Exchange under the ticker BRO.

The new coverage adds a price target to the stock’s current market profile.