Aon Faces Challenges With Integration Risks And Slow Growth: BofA Downgrades Stock
Aon Faces Challenges With Integration Risks And Slow Growth: BofA Downgrades Stock
BofA Securities analyst Grace Carter downgraded Aon plc (NYSE:AON) to Underperform from Neutral and cut the price target from $345 to $306.
美银证券分析师格蕾丝·卡特将怡安集团（纽约证券交易所代码：AON）的评级从中性下调至表现不佳，并将目标股价从345美元下调至306美元。
The analyst writes that AON has recently underperformed the insurance broker peer group owing to below-average organic growth, integration risk from the $13.4 billion NFP acquisition, and management changes.
该分析师写道，由于有机增长低于平均水平、134亿美元NFP收购带来的整合风险以及管理层变动，怡安最近的表现低于保险经纪同行群体。
Notably, since 2H22, Aon's Commercial Risk Solutions segment has reported organic revenue growth in the 3%- 6% range , compared to comparable peer results averaging 7%- 10%, says the analyst.
值得注意的是，分析师表示，自22年下半年以来，怡安的商业风险解决方案板块报告的有机收入增长在3％至6％之间，而同行同行的平均增长率为7％-10％。
Carter projects gradual improvement in organic growth but concedes a downside compared to the estimates if current challenges persist more than expected.
卡特预计，有机增长将逐步改善，但他承认，如果当前的挑战持续超出预期，则与估计相比将出现下行趋势。
The analyst says re-establishing investor confidence could take time for the company, slowing a return to historical valuation levels.
这位分析师表示，重建投资者信心可能需要时间，从而减缓公司恢复到历史估值水平的速度。
The analyst sees EPS of $11.93 for FY24 and $14.83 for FY25, sharply below the consensus.
分析师预计，24财年的每股收益为11.93美元，25财年的每股收益为14.83美元，大大低于市场预期。
In April, AON reported first quarter FY24 adjusted EPS of $5.66, missing the consensus of $5.91 and sales of $4.070 billion, coming below the street view of $4.126 billion.
4月，怡安公布的24财年第一季度调整后每股收益为5.66美元，未达到预期的5.91美元和40.70亿美元的销售额，低于41.26亿美元的街景。
Investors can gain exposure to the stock via Litman Gregory Funds Trust Polen Capital International Growth ETF (NYSE:PCIG) and Hennessy Stance ESG ETF (NYSE:STNC).
投资者可以通过利特曼格雷戈里基金信托基金波伦资本国际增长ETF（纽约证券交易所代码：PCIG）和轩尼诗立场ESG ETF（纽约证券交易所代码：STNC）获得股票敞口。
Also Read: Aon Analysts Slash Their Forecasts After Downbeat Earnings
另请阅读： 怡安分析师在收益惨淡后下调了预测
Price Action: AON shares are down 1.51% at $285.61 at the last check Wednesday.
价格走势：在周三的最后一次检查中，怡安股价下跌1.51％，至285.61美元。
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译文内容由第三方软件翻译。