AIG Higher Off Janney Capital Upgrade - American Intl Gr (NYSE:AIG)

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American International Group (NYSE: AIG) shares are trading higher by $$.99 at $54.38 in Wednesday's session. The catalyst for the rally is an upgrade from Neutral to Buy at Janney Capital.After a higher that cleared out the sellers at $54 level, it retreated but found support ahead of the upper-end of Tuesday's range ($53.71), only reaching $53.78, before resuming its move higher.The ensuing rally took the issue all the way $54.90 before more profit-takers came into the issue and have pushed it into the lower $54/30 area. The current high coincides with its February 4 high ($54.78).

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