Bank of America reduced its rating on Aon AON from Buy to Neutral with a reiterated $57 price objective.
Bank of America noted, "With Aon's stock within 5.9% of our price objective, we are lowering our rating to Neutral from Buy. Despite a solid 3Q result, we are lowering our 2013 and 2014 estimates due to higher unallocated expenses and a reduction in our revenue forecast in risk solutions. In general, the improving insurance pricing environment does not seem to be having a dramatic impact on revenue growth."
Aon closed at $53.84 on Friday.
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 |
---|
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