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.
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