Aon plc upgraded to Outperform from Neutral at Mizuho

Mizuho analyst Yaron Kinar upgraded Aon plc (AON) to Outperform from Neutral with a price target of $397, down from $398. The firm adjusted ratings in the insurance property and casualty group following the recent sector selloff. There is “low disruption threat” to the insurance brokerage names who focus on middle-market and larger accounts from AI, the analyst tells investors in a research note. Mizuho believes disintermediation risk is “geared to mass market personal lines and the smaller end of SME.”