UPDATE: Morgan Stanley Upgrades American International Group (AIG) to Overweight, PT to $72; 'Strong New CEO, Attractive Valution'

May 16, 2017 6:10 AM EDT
Get Alerts AIG Hot Sheet
Price: $53.86 --0%

Rating Summary:
    19 Buy, 15 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 5 | New: 8
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(Updated - May 16, 2017 7:55 AM EDT)

Morgan Stanley upgraded American International Group (NYSE: AIG) from Equalweight to Overweight with a price target of $72.00, as the company announced the hiring of Brian Duperreault of CEO.

Analyst Kai Pan notes the company presents an attractive valuation, as the hiring of a "credible" CEO with new sustainable and profitable growth initiatives, could unlock multi-year ROE improvement and shareholder value creation, thus offering investors a "compelling risk-reward" opportunity.

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 $61.82 yesterday.

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