HSBC Downgrades American Intl Gr to Hold, Announces $86 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Vikram Gandhi has downgraded American International Group (NYSE:AIG) from Buy to Hold and set a price target of $86.
May 15, 2024 | 5:27 pm
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HSBC analyst Vikram Gandhi downgraded American International Group (NYSE:AIG) from Buy to Hold and set a price target of $86.
The downgrade from Buy to Hold by a major financial institution like HSBC is likely to negatively impact investor sentiment and could lead to a short-term decline in AIG's stock price. The new price target of $86 also suggests limited upside potential.
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