tiprankstipranks
Advertisement
Advertisement

AIG upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded AIG (AIG) to Buy from Neutral with a price target of $90, up from $83, which implies 16% total return. AIG offers “peer-high” earnings growth and an improving retune on equity over the coming years, the analyst tells investors in a research note. Goldman says that while AIG is not immune to cyclical pressures, its earnings growth is supported by a “strong” underwriting position, accretive deals that should increase operating and premium leverage, and its capital flexibility. The firm finds the stock’s valuation attractive at current levels.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1