Deutsche Bank Sees Upside in AIG (AIG) Stock

June 18, 2013 5:05 PM EDT
Get Alerts AIG Hot Sheet
Price: $66.54 +0.38%

Rating Summary:
    19 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank today maintained a Buy rating on American International Group (NYSE: AIG) and boosted its price target to $56.00 (from $52.00). Analyst Joshua Shanker sees upside from AIG's P&C and Life operations.

"Following meetings with Peter Hancock, we feel more confident that AIG is on track to achieve a 90-95% combined ratio in its P&C operations by 2015. Additionally, paid loss trends could be improving more quickly than GAAP
results indicate," said Shanker. "Management hopes to implement a 'modest' (but not merely 'nominal') dividend and continue share repurchases in 2013, but is not yet prepared to speak to the views of its board, the Fed and the rating agencies.
Our Buy recommendation is predicated on our view that material 12-month
upside remains in the stock today."

For an analyst ratings summary and ratings history on American International Group (NYSE: AIG) click here. For more ratings news on American International Group click here.

Shares of American International Group closed at $45.15 yesterday.

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