Wells upgrades Aon to Equal Weight with ‘worst’ behind company
The Fly

Wells upgrades Aon to Equal Weight with ‘worst’ behind company

Wells Fargo upgraded Aon plc (AON) to Equal Weight from Underweight with a price target of $377, up from $315. The “worst seems to be behind” the company, as its organic growth has stabilized, acquisition revenue is bouncing back, and NFP is benefiting growth, the analyst tells investors in a research note. The firm says that while Aon’s free cash flow will be hindered in near term, better organic should support the shares.

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