UPDATE: Deutsche Bank Raises PT to $47 on American International Group on Risk/Reward
Deutsche Bank maintained American International Group (NYSE: AIG) with a Buy rating and raised the price target from $41.00 to $47.00.
Deutsche Bank commented, "AIG appears as a high beta risky name, but we believe the stock continues to hold attractive upside without significantly more risk than other insurers. We believe that bearish investors are focused too heavily on the low ROE and low EPS at AIG, ignoring the significant value to be unlocked by cash-generating assets that don't produce GAAP after-tax income."
American International Group closed at $37.06 on Monday.
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