AIG price target raised to $80 from $76 at RBC Capital

RBC Capital raised the firm’s price target on AIG to $80 from $76 and keeps an Outperform rating on the shares. The company’s Q4 results show “solid execution”, while its past repositioning actions continue to bear fruit, the analyst tells investors in a research note. The company is still achieving core loss ratio improvement while rates continue to trend favorably, the firm added.