Piper Sandler analyst Paul Newsome raised the firm’s price target on AIG to $89 from $87 and keeps an Overweight rating on the shares. The firm is assuming AIG deconsolidates its life insurance operation in the third quarter of 2024 and continues to believe the higher values applied to P/C operations versus life operations offsets the dilution related to the sale of the life operation, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
