Aon plc price target lowered to $342 from $352 at RBC Capital

RBC Capital lowered the firm’s price target on Aon plc to $342 from $352 and keeps a Sector Perform rating on the shares after its Q3 results. A solid operating margin improvement was the big positive in the quarter as the company continues their good margin performance, though the firm’s price target cut reflects a slightly lower multiple assumption given Aon’s organic growth rate has slightly lagged peers recently, the analyst tells investors in a research note.