Wells Fargo Maintains an 'Outperform' on American International Group (AIG); Raising Numbers

September 12, 2012 9:26 AM EDT Send to a Friend
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Price: $53.05 -0.56%

Rating Summary:
    14 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 7
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Wells Fargo maintains an 'Outperform' on American International Group (NYSE: AIG) price target range raised to $44-$49 (from $40-$45).

Analyst, John Hall, said, "We are boosting our operating EPS estimates for 2012 and 2013 to reflect the effects of roughly $8 billion of share repurchases in Q3 2012. Our 2012 earnings per share estimate moves to $4.49 from $4.13 while our 2013 earnings per share estimate moves to $3.62 from $3.10. We are also pushing our valuation range up on AIG shares to $44-49 from $40-45 to reflect the accretion in book value associated with the recent share buybacks."

For an analyst ratings summary and ratings history on American International Group click here. For more ratings news on American International Group click here.

Shares of American International Group closed at $33.45 yesterday.




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