Morgan Stanley analyst Bob Huang lowered the firm’s price target on Aon plc (AON) to $370 from $380 and keeps an Overweight rating on the shares. Most property and casualty insurance companies saw slower premium growth, but substantial underwriting profit in Q1, notes the analyst, who expects pricing and premiums to further deteriorate. The firm adjusted targets for the group following the Q1 earnings season.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AON:
- Berkshire Hathaway exits positions in Visa and Mastercard
- Aon plc price target raised to $404 from $401 at Keefe Bruyette
- Aon plc price target lowered to $380 from $390 at Morgan Stanley
- Aon plc price target lowered to $389 from $394 at Mizuho
- Aon plc price target raised to $388 from $355 at Piper Sandler