Aon plc price target raised to $335 from $312 at Piper Sandler

Piper Sandler analyst Paul Newsome raised the firm’s price target on Aon plc to $335 from $312 and keeps a Neutral rating on the shares following quarterly results. The firm notes the company reported a disappointing bottom line but a better-than-expected organic growth result. Versus its expectation, most of the earnings shortfall can be attributed to taxes and other items, Piper adds. The market reaction suggested that organic growth was better news than the profit shortfall.