Goldman Sachs Cuts Brown & Brown (BRO) Price Target, Keeps Neutral Rating

Group 1 - Brown & Brown, Inc. (NYSE:BRO) is recognized as one of the 15 Best Passive Income Stocks to Buy Right Now [1] - Goldman Sachs has reduced the price target for Brown & Brown from $105 to $90 while maintaining a Neutral rating, citing ongoing pressure on the company's organic growth trend [2] - On October 22, Brown & Brown announced a 10% increase in its quarterly dividend to $0.165 per share, marking the 32nd consecutive year of dividend growth, and approved an additional $1.25 billion stock repurchase authorization [3] Group 2 - Brown & Brown has established a wide national network of brokers through targeted acquisitions and organic growth, with a fee-based model that generates recurring revenue from policy renewals, contributing to its long dividend history [4]