Wells Fargo Downgrades Aon to Underweight, Lowers Price Target to $304
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan has downgraded Aon (NYSE:AON) from Equal-Weight to Underweight and lowered the price target from $317 to $304.
October 30, 2023 | 10:41 am
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NEGATIVE IMPACT
Aon's rating has been downgraded by Wells Fargo from Equal-Weight to Underweight, with a lowered price target from $317 to $304.
The downgrade from Equal-Weight to Underweight by Wells Fargo indicates a negative outlook for Aon. The lowered price target from $317 to $304 also suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100