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AIG price target raised to $98 from $90 at Barclays

Barclays analyst Alex Scott raised the firm’s price target on AIG (AIG) to $98 from $90 and keeps an Overweight rating on the shares. The company’s return on equity is expected to continue to improve in the 10%-13% range, fueled by expense reduction, personal underwriting improvement, capital deployment, and tech-enabled growth, the analyst tells investors in a research note.

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