Evercore ISI analyst David Motemaden raised the firm’s price target on Aon plc (AON) to $427 from $411 and keeps an Outperform rating on the shares. The firm is updating its price targets for Global Insurance P&C companies under its coverage, the analyst tells investors. Q3 is looking to be a “solid quarter” despite mixed stock price performance and the sector underperforming the equal weight S&P, the firm adds. While fundamentals are not great across the board, the firm notes a general lighter mix of property renewals should help pricing on some commercial lines.
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