Aon Analysts Slash Their Forecasts After Q3 Results

Aon plc AON reported better-than-expected results for its third quarter on Friday.

Aon posted adjusted earnings of $2.32 per share, beating market estimates of $2.21 per share. The company’s quarterly sales came in at $2.95 billion versus expectations of $2.89 billion.

Aon shares rose 0.2% to trade at $307.62 on Monday.

These analysts made changes to their price targets on Aon following earnings announcement.

• Wells Fargo cut the price target on Aon from $317 to $304. Wells Fargo analyst Elyse Greenspan downgraded the stock from Equal-Weight to Underweight.
• Piper Sandler lowered the price target on Aon from $322 to $318. Piper Sandler analyst Paul Newsome maintained a Neutral rating.
• RBC Capital slashed the price target on Aon from $352 to $342. RBC Capital analyst Scott Heleniak maintained a Sector Perform rating.

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