JP Morgan Upgrades American Intl Gr to Overweight, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jimmy Bhullar has upgraded American International Group (AIG) from Neutral to Overweight, while lowering the price target from $93 to $89.
October 10, 2024 | 12:23 pm
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POSITIVE IMPACT
JP Morgan has upgraded AIG from Neutral to Overweight, indicating a positive outlook on the stock. However, the price target has been lowered from $93 to $89, suggesting a more conservative valuation.
The upgrade to Overweight suggests a positive sentiment from JP Morgan, which could lead to a short-term increase in AIG's stock price. However, the lowered price target indicates a more cautious long-term outlook, which may temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100