Keefe, Bruyette & Woods Upgrades American International Group (AIG) to Market Perform; Valuation Call

Keefe, Bruyette & Woods upgraded American International Group (NYSE: AIG) from Underperform to Market Perform with a price target of $24.00.

KBW analyst says, "We are upgrading the shares of AIG to Market Perform as the shares have fallen to be in line with our $24 price target. We remain cautious in our outlook but believe the current valuation properly weighs a cautious stance."

INDUSTRY OPINION: The P&C industry is in a period of weakening profitability and slow growth. We favor those companies that we believe are best positioned to increase book value over time. KBW recommends a market weight position in the sector.

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 $25.10 yesterday.

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