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

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AIG Downgraded By Deutsche Bank After CEO Quits
8 Biggest Price Target Changes For Monday

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
Mar 2017Deutsche BankDowngradesHoldSell
Jan 2017Credit SuisseUpgradesNeutralOutperform
Dec 2016BMO CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for AIG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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