JPMorgan analyst Jimmy Bhullar lowered the firm’s price target on Aon plc (AON) to $433 from $436 and keeps an Overweight rating on the shares as part of a Q3 preview for the property and casualty insurance group. The firm says margins for the insurers and growth for brokers have peaked and will moderate further. However, fundamentals in the business are healthy and sentiment is “downbeat” following the recent stock underperformance, the analyst tells investors in a research note. As such, JPMorgan believes the sector is positioned to outperform.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AON:
- AI Daily: Nvidia CEO ‘surprised’ AMD offered 10% stake in OpenAI deal
- Aon’s Strategic Initiatives and Market Trends Drive Buy Rating Amidst Challenging Environment
- OpenAI, Anthropic debate on using investor funds to settle lawsuits, FT says
- OpenAI and Anthropic Weigh Using Investor Funds to Settle Copyright Lawsuits
- Aon plc price target raised to $427 from $411 at Evercore ISI