Market Overview

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

Related AON
Benzinga's Top Upgrades
BMO Capital Upgrades Aon To Market Perform
Corporate Cash Kings Escape U.S. Taxes (Fox Business)

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
Oct 2014BMO CapitalUpgradesUnderperformMarket Perform
Oct 2014CitigroupMaintainsBuy
Jul 2014Guggenheim SecuritiesDowngradesBuyNeutral

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