Aon plc price target lowered to $345 from $378 at BofA

BofA lowered the firm’s price target on Aon plc to $345 from $378 and keeps a Neutral rating on the shares after the company reported Q1 results that missed the firm’s forecast and Street consensus, driven by a higher-than-expected tax rate and lower organic growth. Following the Q1 report, the firm’s forward EPS estimates “net fall, primarily on lower revenues and operating margins,” the analyst tells investors.