Market Overview

UPDATE: Sterne Agee Downgrades Aon Corporation to Neutral on Underperformance, Limited Upside

Related AON
Aon Ups Dividend by 43% - Analyst Blog
Aon Ups Dividend by 43% - Analyst Blog
Corporate Cash Kings Escape U.S. Taxes (Fox Business)

Sterne Agee downgraded Aon (NYSE: AON) from Buy to Neutral and raised the price target from $62.00 to $65.00.

Sterne Agee commented, "We are downgrading AON to Neutral from Buy as shares have outperformed the group over the past year and upside is a bit less compelling in our view versus some of its other peers (particularly its closest peer MMC). Our double-digit earnings growth forecast for AON over the next two years is roughly in line with the group average. We would note our price target of $65 still implies 13% upside and we continue to remain positive on the insurance broker group overall."

Aon Corporation closed at $57.75 on Friday.

Posted-In: Sterne AgeeAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Most Popular

Related Articles (AON)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free