Brown & Brown cut to Market Perform as BMO sees softer organic growth
BMO downgraded Brown & Brown (BRO) to Market Perform due to softer-than-expected organic growth. Analyst Michael Zaremski reduced his 2026 and 2027 growth estimates, citing a strong link between BRO's valuation and growth rates. BRO shares fell 1.4% in midday trading. The downgrade contrasts with average analyst ratings of Buy and Hold.
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