UPDATE: BMO Capital Starts American International Group (AIG) at Outperform

April 18, 2013 6:38 AM EDT Send to a Friend
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Price: $51.99 +0.72%

Rating Summary:
    16 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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(Updated - April 18, 2013 9:09 AM EDT)

BMO Capital initiated coverage on American International Group (NYSE: AIG) with an Outperform rating and a price target of $50.00. Analyst Charles J. Sebaski thinks AIG earnings troughed, and as the situation improves, it creates a "positive feedback loop."

"As operating earnings improve . . . the transition of a non-income generating asset into an income generating asset speeds up the improvement in operating ROE, creating a positive feedback loop. As such, we expect AIG will resume capital management activities by the end of 2013, either through a common share dividend or reinstating share repurchases, or possibly both. Either of these options we believe are positive catalysts for the stock," said Sebaski.

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 $38.56 yesterday.


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