AIG price target raised to $73 from $68 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on AIG to $73 from $68 and keeps an Outperform rating on the shares. Dwelle expects AIG to be one of the few covered P&C insurers that should deliver accident year margin improvement in 2023 and thinks AIG will be a solid capital return story with potential upside if meaningful progress is made on the L&R separation, the analyst tells investors in a research note.