Piper Jaffray Initiates Brown & Brown With Overweight

Piper Jaffray initiated coverage on

with a Overweight rating. The target price for Brown & Brown is set to $67. Brown & Brown shares have gained 8.34 percent over the past 52 weeks, while the S&P 500 index has surged 9.66 percent in the same period. Brown & Brown shares climbed 0.89 percent to close at $32.88 yesterday.