Market Overview

UPDATE: Deutsche Bank Downgrades Aon PLC to Hold; No Near-Term Catalysts

Share:
Related AON
Aon Posts Upbeat Q1 Profit, But Revenue Drops
Keep an Eye on These 10 Stocks for May 1, 2015
Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q1 2015 Update (Seeking Alpha)

Deutsche Bank reduces its rating on Aon PLC (NYSE: AON) from Buy to Hold and reduces its price target from $55 to $52.

Deutsche Bank comments, "We continue to expect long-term earnings growth from Aon, built on the investments currently made in the business. However, as these upfront investments infringe on margins and associated revenues are not expected to pick-up materially before 2013, we find it difficult to recommend the stock at this time. With no short-term growth and trading at a mere 7% discount to its strongly executing peer, MMC, we do not see a near-term catalyst on the horizon."

AON closed at $47.83 on Monday.

Latest Ratings for AON

DateFirmActionFromTo
Apr 2015Credit SuisseInitiates Coverage onUnderperform
Feb 2015CitigroupMaintainsBuy
Feb 2015CitigroupMaintainsBuy

View More Analyst Ratings for AON
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (AON)

Around the Web, We're Loving...

Get Benzinga's Newsletters