Aon plc price target lowered to $289 from $300 at Wells Fargo

Wells Fargo lowered the firm’s price target on Aon plc to $289 from $300 and keeps an Underweight rating on the shares. The firm notes shares traded down sharply, reflective of the weak organic in Commercial Risk as well as the higher interest expense guide for Q2. Even with the 7% drop, Wells remains Underweight as it lacks conviction in when Commercial Risk will rebound.