Analyst Raises Price Target For Aon plc (AON)
Analyst David Styblo of Jefferies reiterated a Buy rating on Aon plc (NYSE:AON) with a raised price target of $123, marking a 15% increase from current levels. This rating came after the company’s 2Q earnings report that say FCF go up 50% YTD. The report had positive signs such as “solid organic growth in Risk Solutions”, a large Exchange win with Starbucks and an expectation that organic growth will get better in the second half of the year. To counter this positive news, “lower taxes helped 2Q results meet consensus, HR Solution organic growth was soft and management spoke to earnings being more loaded into 4Q than usual.”
According to TipRanks, Styblo has a success rate of 75% with an average return of 7.6%.