Deutsche Bank Maintains a 'Buy' on American International Group (AIG); Q4 Far Exceeds Expectations

Deutsche Bank maintains a 'Buy' on American International Group (NYSE: AIG) price target of $29.00.

Deutsche analyst said, "Operating EPS of 82¢: This result came in ahead of our forecast of 62¢ and consensus of 59¢. The beat was achieved through core operations rather than outsized market-to-market gains in AIA or ML3 assets."

"AIG shares are poised for a meaningful gap up on a sizable EPS beat (Shares currently up 3.1%). We also see the initiation of share repurchasing activity--begin immediately following 3Q11 results--as a significant positive catalyst While the repurchase was slight--3mm shares for a mere $70mm--it appears to signal AIG's ability to engage in capital management activities prior to the U.S. Treasury's ownership exit."

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

Shares of American International Group closed at $27.99 yesterday.

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