Piper Sandler Downgrades American Financial (AFG) to Neutral, 'We think AFG is facing a high-class problem'

Piper Sandler analyst Paul Newsome downgraded American Financial (NYSE: AFG) from Overweight to Neutral with a price target of $129.00.

The analyst comments "We are lowering our rating to Neutral from Overweight. Our price target remains unchanged. We think AFG is facing a high-class problem. Its ROE is probably near its cyclical peak and earnings growth will be limited as calendar underwriting margins are likely be to stable into the future."

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

Shares of American Financial closed at $122.24 yesterday.

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