Brown & Brown Gets Downgraded But Analyst Still Vouches For Long-Term Growth
1. Morgan Stanley downgraded BRO to Equal-weight from Overweight. 2. Price forecast maintained at $128; stock up 16% year-to-date. 3. Analyst sees mid to high single-digit growth through 2026. 4. Strong fourth-quarter results fueled BRO's performance in a volatile market. 5. Long-term fundamentals expected to outperform industry peers.