Aon Analysts Slash Their Forecasts After Q3 Results
Portfolio Pulse from Lisa Levin
Aon plc reported better-than-expected Q3 results with adjusted earnings of $2.32 per share, beating market estimates of $2.21 per share, and sales of $2.95 billion versus expectations of $2.89 billion. However, analysts from Wells Fargo, Piper Sandler, and RBC Capital have cut their price targets on Aon following the earnings announcement.
October 30, 2023 | 7:08 pm
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Aon's Q3 results exceeded expectations, but analysts have reduced their price targets. This could lead to a mixed market reaction.
Aon's better-than-expected Q3 results would typically be a positive signal for the stock. However, the fact that analysts from Wells Fargo, Piper Sandler, and RBC Capital have cut their price targets on Aon following the earnings announcement could create uncertainty among investors, potentially leading to a mixed market reaction.
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