AIG price target raised to $83 from $75 at BMO Capital

BMO Capital raised the firm’s price target on AIG (AIG) to $83 from $75 and keeps a Market Perform rating on the shares. Shares having meaningfully outperformed in recent weeks, due in part to a rotation into “safety” stocks, the analyst tells investors in a research note. AIG’s upcoming Investor Day could offer investors visibility to a path toward a 13% “core” return on equity/RoE in 2027, though pricing-power within the large employer marketplace where AIG primarily operates continues to be “soft”, BMO added.