Aon plc resumed with a Hold at Deutsche Bank

Deutsche Bank resumed coverage of Aon plc with a Hold rating and $311 price target. The analyst believes 2024 will be a transition year for the company, as it integrates NFP, a business characterized by higher growth but lower margins, and accelerates its restructuring efforts. There could be a tactical opportunity for the stock to rebound in the near-term, based on an analysis that private equity holders might be near the end of their sell-down, the analyst tells investors in a research note.