Citi analyst, James Naklicki, reiterated his Buy rating on shares of Aon Corp (NYSE: AON) and raised his price target to $192 from $170 after the company grew its Brokerage business by an impressive 5.5% in 2018, up from 3.1% in 2017 and well ahead of Aon’s 10 year average of 2.2%.

The analyst stated "Aon is achieving market share gains, plus shifting its mix to higher growth areas. The real kicker, in our view, is Aon is bringing the alternative capital market to underpenetrated markets, such as Cyber, and traditional markets (aside from Reinsurance). This is a great idea, and we credit Aon for once again being a creative thought leader in the industry. We expect to see the other Brokers following suit over the next few years, but the first mover advantage that Aon is achieving warrants a premium multiple".

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Shares of Aon Corp closed at $167.46 yesterday.