Aon Analysts Slash Their Forecasts After Downbeat Earnings
Portfolio Pulse from Avi Kapoor
Aon plc reported lower-than-expected Q1 financial results, with earnings and sales missing market estimates. Despite a drop in operating margin, adjusted operating margin and EPS saw improvements. Aon's acquisition of NFP is highlighted as a positive move. Shares fell 6.9% following the announcement. Analysts from Piper Sandler and B of A Securities adjusted their price targets for Aon.
April 29, 2024 | 1:09 pm
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Aon plc reported disappointing Q1 results with both earnings and sales below estimates, leading to a 6.9% drop in share price. Analysts have adjusted their price targets.
The negative earnings report and subsequent share price drop indicate a short-term bearish outlook for AON. Analysts' revised price targets reflect adjusted market expectations, further influencing investor sentiment.
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