AIG's $836 million reserve boost surprises investors; shares sink

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American International Group (AIG) PT Lowered to $68 at Barclays on 3Q Miss; 'Big Catastrophe Impact, Challenged Underlying P&C Results'

November 3, 2017 12:48 PM EDT

Barclays lowered its price target on American International Group (NYSE: AIG) to $68.00 (from $71.00) while maintaining a Overweight rating, following the company's third quarter earnings report.

Analyst Jay Gelb notes a reduced price target on the shares, as the company delivered third quarter earnings... More