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Investing.com - TD Cowen has lowered its price target on Aon Corp (NYSE:AON) to $419.00 from $427.00 while maintaining a Buy rating on the insurance broker’s stock. The new target aligns with broader analyst expectations, with consensus targets ranging from $349 to $451, according to InvestingPro data.
The research firm continues to base its valuation on a sum-of-the-parts analysis of 2026 estimated adjusted earnings, applying segment multiples informed by peer valuations.
TD Cowen’s revised price target implies a blended price-to-earnings multiple of 22.4x 2026 estimated earnings per share and represents 18% upside potential from current levels.
Despite the price target reduction, TD Cowen has added Aon to its list of "Top Picks" in the property and casualty insurance sector.
Aon is now one of three companies highlighted by TD Cowen as top investment opportunities within the property and casualty insurance industry.
In other recent news, Aon has announced a definitive agreement to sell a majority of NFP’s wealth business to Madison Dearborn Partners for approximately $2.7 billion, with the transaction expected to close in late Q4 2025. This deal includes Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and related platforms, and is anticipated to yield Aon about $2.2 billion in cash after taxes. Additionally, Morgan Stanley has upgraded Aon’s stock rating from Equalweight to Overweight, raising its price target to $430.00. This upgrade reflects confidence in Aon’s strategic investments in various sectors, expected to enhance organic growth starting in the second half of 2025. Keefe, Bruyette & Woods also reiterated its Outperform rating on Aon’s stock, maintaining a price target of $428.00. These recent developments highlight significant strategic shifts and analyst confidence in Aon’s future growth prospects.
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