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UPDATE: Deutsche Bank Maintains Buy on AIG, Sees Attractive Upside In Shares

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In a report published Tuesday, Deutsche Bank maintained Buy rating on America International (NYSE: AIG) and increased target price from $41 to $47.

Deutsche Bank reported that, “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. We are modifying our valuation approach and increasing our target price to $47 from $41.

America International shares closed at $37.06 on Monday.

Latest Ratings for AIG

DateFirmActionFromTo
Oct 2016Credit SuisseInitiates Coverage onNeutral
Sep 2016BarclaysMaintainsOverweight
Aug 2016BMO CapitalMaintainsMarket Perform

View More Analyst Ratings for AIG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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