Goldman Sachs Upgrades American International Group (AIG) to Buy

Goldman Sachs upgraded American International Group (NYSE: AIG) from Neutral to Buy with a price target of $40 (up from $31), saying now is the right time to build a position given early signs of progress at Chartis and unexpected rapid deployment.

"We believe 2012 will be full of catalysts for AIG that are made more pertinent given AIG's low valuation."

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 $31.70 yesterday.

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