AIG (AIG) PT Raised to $64 at Credit Suisse

Credit Suisse analyst T. Gallagher bumped its price target on AIG (NYSE: AIG) to $64.00 (from $59.00) on capital management visibility, but stopped short of upgrading the stock and maintained a Neutral rating.

Gallagher commented, "We are maintaining our 2015 earnings estimate as we have forecasted a larger catastrophe load which is offset by modestly lower adverse PYD and the expected uplift in 2Q from the worker's compensation discount rate change given the increase in interest rates QTD. We are adjusting our 2016 earnings estimate down by 5c to $5.25 to reflect a larger catastrophe estimate which was only partially offset by improved PYD."

For an analyst ratings summary and ratings history on AIG click here. For more ratings news on AIG click here.

Shares of AIG closed at $58.36 yesterday.

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