Aon plc price target lowered to $295 from $328 at Keefe Bruyette

Keefe Bruyette on Friday lowered the firm’s price target on Aon plc to $295 from $328 and keeps an Underperform rating on the shares. The analyst expects the NFP deal to be positive in the long term, but says the near-term adjusted earnings and free cash flow dilution probably limits near-term upside in the shares, especially if Aon’s organic growth tailwinds fade in 2024.