tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Aon plc price target raised to $397 from $383 at BofA

BofA analyst Joshua Shanker raised the firm’s price target on Aon plc (AON) to $397 from $383 and keeps an Underperform rating on the shares following quarterly results. The firm notes management has acknowledged the current uncertain macroeconomic environment but pointed to sustaining results by enhancing client relationships and utilizing data insights to deliver more value to clients. BofA is concerned that current valuation overly reflects the EPS growth outlook. Given the tight expectations around earnings for insurance brokers, the firm’s forecast for an EPS miss in 2025, BofA believes, puts some added risk of stock underperformance over the near-term.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1