HSBC Initiates Coverage On American Intl Gr with Buy Rating, Announces Price Target of $86
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Vikram Gandhi has initiated coverage on American International Group (AIG) with a Buy rating and set a price target of $86.
December 28, 2023 | 9:51 am
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HSBC analyst Vikram Gandhi initiated coverage on AIG with a Buy rating and a price target of $86, indicating a positive outlook for the stock.
Analyst ratings, especially from major financial institutions like HSBC, can significantly influence investor sentiment and stock prices. A Buy rating suggests that the analyst believes AIG's stock price will rise, aligning with the positive price target set. This could lead to increased investor interest and a potential short-term rise in AIG's stock price.
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