Morgan Stanley Downgrades AIG (AIG) to Equal Weight, Citing Possible Massive Capital Raise
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Morgan Stanley downgrades American International Group (NYSE: AIG) from Overweight to Equal Weight and cut its price target to $25, saying the company may have to raise as much as $15 billion.
Commeiting on AIG, the Morgan analyst said, "we believe a sizable capital raise is likely, probably in the range of $10-$15 billion." They also said the near=-term outlook is clouded.
American International Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally.
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