Morgan Stanley lowers target for Aon plc stock to USD 350.00
Published on 10/07/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Aon plc (ISIN IE00BLP1HW54) was trading at EUR 244.10 at Lang & Schwarz on October 7, 2026 at 10:02 a.m. CEST, plus 0.70 percent versus the EUR 242.40 prior close of October 6, 2026. On October 6, 2026, Morgan Stanley analyst Bob Huang lowered the target for Aon from USD 410.00 to USD 350.00 while keeping an Overweight rating, as Markets Insider reported.
Target cut meets a mixed quarter
The revised target came ahead of Aon's third-quarter reporting cycle and puts the focus on underwriting quality and operating execution. Morgan Stanley described expected growth as tepid in its October 6, 2026 preview, making the USD 60.00 reduction a material change in the published valuation frame.
Aon reported second-quarter 2026 total revenue of USD 4.25 billion, up 2.00 percent from USD 4.16 billion in the prior-year quarter, according to Trivano. Operating income increased 7.00 percent to USD 915.00 million, while diluted earnings per share fell 3.00 percent to USD 2.58.
Margins and cash flow split
The quarter showed a sharper contrast below the revenue line. Adjusted operating margin expanded 70 basis points to 28.90 percent, and adjusted earnings per share rose 9.00 percent to USD 3.81, but cash provided by operations declined 30.00 percent to USD 556.00 million.
Aon also generated USD 483.00 million of free cash flow in the second quarter of 2026, down 34.00 percent from USD 732.00 million a year earlier. The company reaffirmed 2026 expectations for mid-single-digit or greater organic revenue growth, 70 to 80 basis points of adjusted operating margin expansion, adjusted earnings growth and double-digit free cash flow growth, the same release reported by Trivano.
Stock remains below its yearly high
MarketBeat reported that nineteen analysts held a Moderate Buy average, with twelve Buy, six Hold and one Sell rating. Its average 12-month price objective was USD 391.00, while JPMorgan had lowered its target from USD 412.00 to USD 362.00 on October 1, 2026.
The market profile is therefore divided between resilient margins and slower cash conversion. Onvista identifies Aon under ticker AON on the NYSE in USD and classifies the company in the insurance sector, while Aon describes its operating structure around Risk Capital and Human Capital on its corporate site.
Price and valuation frame
Aon carries a market capitalization of USD 58.1 billion as of October 7, 2026, and the NYSE quote page cited by MarketBeat shows a 52-week range of USD 266.33 to USD 382.34. The Lang & Schwarz euro quote is a separate German-market reference, so the two currency bases are not combined.
At Lang & Schwarz, Aon was trading at EUR 244.10 on October 7, 2026 at 10:02 a.m. CEST, plus 0.70 percent versus the EUR 242.40 prior close of October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Aon plc stock.
Aon plc stock facts
- Company: Aon plc
- ISIN: IE00BLP1HW54
- Ticker: AON
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 7, 2026, 10:02 a.m. CEST: EUR 244.10
- Change versus prior close: plus 0.70 percent
- Prior close Lang & Schwarz October 6, 2026: EUR 242.40
- Market capitalization: USD 58.1 billion as of October 7, 2026
- Sector / Industry: Financial Services / Insurance - Brokers
