B of A Securities Downgrades American Intl Gr to Neutral, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Shanker downgraded American International Group (AIG) from Buy to Neutral, while raising the price target from $75 to $77.

February 20, 2024 | 4:15 pm
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NEUTRAL IMPACT
AIG was downgraded from Buy to Neutral by B of A Securities, but its price target was increased from $75 to $77.
The downgrade to Neutral suggests a more cautious outlook on AIG's stock by B of A Securities, potentially due to perceived limited upside or increased risks. However, the increase in price target to $77 indicates a positive adjustment in the valuation model, possibly due to recent company performance or market conditions. The mixed signals could lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100