Wells Fargo Maintains Equal-Weight on American Intl Gr, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Equal-Weight rating on American International Group (AIG) and raises the price target from $80 to $82.
May 10, 2024 | 3:27 pm
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Wells Fargo's updated rating and increased price target for AIG suggests a stable outlook with a slight positive adjustment in valuation.
The adjustment of the price target by Wells Fargo indicates a positive reassessment of AIG's valuation, albeit within the context of maintaining an Equal-Weight rating. This suggests that while the analyst sees some positive aspects in AIG's financial outlook or market position, the overall recommendation remains neutral. The increase in price target is likely to be viewed positively by the market, potentially leading to short-term positive sentiment towards AIG's stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100