Loading...
Loading...
Bernstein's Josh Stirling issued a research note Friday morning suggesting the dividend and buyback announced by AIG
AIG on Thursday afternoon was "much more important than the dollars would suggest."
The analyst sees the news as an indication the company has more-than-enough capital even considering the ILFC deal. Stirling believes the dividend and buyback bring the important of ILFC down "materially."
Bernstein maintains an Outperform rating and $60 price target on shares of AIG.
AIG shares are up 4.5 percent to $49.16 in Friday's pre-market session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in