HSBC analyst Vikram Gandhi initiated coverage of AIG with a Buy rating and $86 price target. The analyst started coverage on the U.S. non-life insurers, preferring the commercial segment, saying premium rates are still rising and “savvy risk management can further enhance the risk-reward equation.” The firm calls AIG a “classic restructuring story with self-help sweetener.” The company has a materially improved risk profile and a lot of expense savings achieved already with more to come, 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AIG:
- AIG price target raised to $76 from $72 at RBC Capital
- Amgen upgraded, PepsiCo downgraded: Wall Street’s top analyst calls
- AIG upgraded to Outperform from Market Perform at BMO Capital
- Corebridge announces $150M share repurchase from AIG and Blackstone
- Corebridge files to sell 35M shares of common stock for holders
