Jefferies Reiterates Buy on Aon plc (AON) After Meeting with Management

Jefferies reiterated a Buy rating and $137.00 price target on Aon Corp (NYSE: AON) after meeting with management.

Analyst David Styblo commented, "We remain constructive on AON after meetings this week and believe 2018 consensus is too low. The divestiture of the low growth/margin Benefits Admin and BPO Outsourcing businesses has investors asking how will AON deploy $3bn of proceeds. Our take is a higher level of buybacks along with M&A consistent with recent deals in attractive growth markets. AON is also highly focused on OPEX rationalization and confident it can generate 10% EPS CAGR from 2016-18."

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 $116.33 yesterday.

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