Market Overview

UPDATE: Bank of America Downgrades Aon to Neutral on Valuation

Related AON
Earnings Scheduled For May 9, 2017
Why Bermuda Could Be The Next Switzerland

Bank of America reduced its rating on Aon (NYSE: 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.

Latest Ratings for AON

Nov 2016Keefe Bruyette & WoodsUpgradesMarket PerformOutperform
Nov 2016Sandler O'NeillUpgradesHoldBuy
Oct 2016RBC CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for AON
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings


Related Articles (AON)

View Comments and Join the Discussion!