Wells Fargo Thinks American International Group’s Stock is Going to Recover


Wells Fargo analyst Elyse Greenspan maintained a Buy rating on American International Group (AIG) yesterday and set a price target of $54. The company’s shares closed on Tuesday at $40.77, close to its 52-week low of $39.29.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.3% and a 53.8% success rate. Greenspan covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Renaissancere Holdings Ltd, and United Insurance Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American International Group with a $55.90 average price target.

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The company has a one-year high of $65.05 and a one-year low of $39.29. Currently, American International Group has an average volume of 7.01M.

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American International Group, Inc. engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement, Other Operations, and Legacy Portfolio.

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