Deutsche Bank Starts American International Group (AIG) at Buy

Deutsche Bank initiates coverage on American International Group (NYSE: AIG) with a Buy rating and $34 price target.

The firm states, "AIG is the industry leader in P&C insurance markets, aircraft leasing and is a formidable competitor in the U.S. life and retirement market, particularly in fixed annuities. The company also has significant exposure through businesses and investments to the growing PacRim countries. Following restructuring, a new consistency of earnings is poised to be the main driver of stock performance."

Deutsche Bank said the company plans toward 10% ROE is laudable.

For more ratings news on American International Group click here and for the rating history of American International Group click here.

Shares of American International Group closed at $27.32 yesterday.

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