In a note out today, Deutsche Bank reiterated a Buy rating and $57 price target on Aon AON, implying significant upside from current levels.
"The company announced this morning that it will be redomiciling, subject to shareholder approval, to the UK, moving its
headquarters to London. The move, if approved, is expected in 2Q12. The timing of the announcement surprised us but not its essence, particularly as Aon becomes an increasingly internationally-focused business and London is by far the largest international insurance hub in the world," the bank said in the note.
Shares of Aon are down 1.2% today.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorLong IdeasNewsShort IdeasPrice TargetReiterationIntraday UpdateMarketsAnalyst RatingsTrading Ideas
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in