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UPDATE: JP Morgan Downgrades Aon plc to Neutral on Limited Upside

Related AON
Earnings Scheduled For August 4, 2017
Benzinga's Top Upgrades, Downgrades For June 21, 2017

JP Morgan downgraded Aon plc (NYSE: AON) from Overweight to Neutral and maintained $59.00 PT.

JP Morgan commented, "We find it difficult to argue for valuation expansion in AON shares now that organic growth rates have normalized in absolute and relative terms. We believe the next catalyst for the stock could be improved conversion of organic growth into margins (more in consulting than brokerage), but we believe that will likely be more visible in 2014, while upside to current estimates (ours and consensus) might require a stronger economic backdrop. With valuation now more in-line with peers, we see upside and risk-reward as average."

Aon plc closed at $56.13 on Friday.

Latest Ratings for AON

Oct 2017BarclaysMaintainsEqual-Weight
Aug 2017Deutsche BankMaintainsHold
Aug 2017CitigroupMaintainsBuy

View More Analyst Ratings for AON
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Downgrades Analyst Ratings


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