JPMorgan downgraded AIG (AIG) to Neutral from Overweight with a price target of $91, up from $83. The firm says its reduced estimates and the stock’s outperformance make it less bullish on AIG. The company’s lower exposure to risks facing commercial lines insurers, and high capital flexibility, seem better recognized in forecasts, investor sentiment, and the stock’s valuation, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIG:
- AIG price target raised to $82 from $76 at Morgan Stanley
- AIG price target raised to $98 from $90 at Barclays
- AIG’s Hold Rating: Balancing Positive Indicators with Market and Reserving Concerns
- AIG price target raised to $98 from $90 at Keefe Bruyette
- AIG’s Transformation: Balancing Growth Potential and Execution Challenges