Aon plc upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler upgraded Aon plc (AON) to Overweight from Neutral with a price target of $378, down from $384. The company reported a disappointing quarter that drove the stock down further than was warranted, the analyst tells investors in a research note. The firm says that while the overall environment for brokers is slowing and expectations will reset lower for Aon, management believes the operations will improve in the second half of 2025 and brokers are generally a defensive business. It also see the company’s upcoming analyst day as a potential catalyst given management’s “skill at promoting the firm.”