Aon PLC (AON) is considering selling Wealthspire Advisors, a firm managing $31 billion in assets, to optimize its business strategy. Analysts predict a potential upside for Aon stock, with an average target price of $407.38 and a 16.2% potential upside based on the one-year GF Value.
Aon PLC (AON), a prominent provider of risk, health, and wealth solutions, is considering the sale of its Wealthspire Advisors unit, a move that could significantly reshape the company's portfolio. Wealthspire Advisors LLC, which manages $31 billion in assets, is currently being evaluated for a potential sale. Aon has hired UBS to serve as a financial advisor for the sales process [2].
UBS has also made notable adjustments to its economic forecasts and sustainability initiatives. The bank has raised its 2025 GDP growth forecasts for Spain and Italy, while it has exited the Net-Zero Banking Alliance (NZBA) [1]. This move follows the recent departures of major European banks such as HSBC and Barclays, as well as the exits of major Wall Street banks and Canadian peers earlier this year [2, 3].
Analysts are optimistic about Aon's prospects. Jefferies has upgraded Aon plc from Hold to Buy, raising its price target from $400 to $426. The financial services firm is optimistic about Aon's potential for improving margins, driven by strong organic growth, increased productivity, and effective cost management [3]. Piper Sandler has also upgraded its rating for Aon, maintaining an Overweight rating with a price target of $393.00 [3].
The potential sale of Wealthspire Advisors and UBS's strategic shifts in economic forecasts and sustainability initiatives reflect the evolving dynamics of the financial sector. As these companies navigate their respective challenges and opportunities, investors and financial professionals should closely monitor these developments for their potential impacts on the broader market.
References:
[1] https://www.ainvest.com/news/aon-considers-sale-wealthspire-advisors-ubs-raises-forecasts-euro-area-uk-2508/
[2] https://seekingalpha.com/news/4481609-aon-exploring-sale-of-wealthspire-advisors-report
[3] https://www.ainvest.com/news/aon-plc-jefferies-upgrades-buy-higher-price-target-2508/
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