Deutsche Bank Downgrades Aon Corp (AON) to Hold; Stagnant Margins, No N-T Catalysts

Deutsche Bank downgraded Aon Corp (NYSE: AON) from Buy to Hold, price target lowered from $55 to $52.

Deutsche analyst said, "We continue to expect long-term earnings growth from Aon, built on the investments currently made in the business. However, as these upfront investments infringe on margins and associated revenues are not expected to pick-up materially before 2013, we find it difficult to recommend the stock at this time. With no short-term growth and trading at a mere 7% discount to its strongly executing peer, Marsh & McLennan (NYSE: MMC), we do not see a near-term catalyst on the horizon."

For an analyst ratings summary and ratings history on Aon Corp click here. For more ratings news on Aon Corp click here.

Shares of Aon Corp closed at $47.83 yesterday.

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