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American International Group (NYSE:AIG) Raised to "Buy" at The Goldman Sachs Group
The Goldman Sachs Group has upgraded American International Group (NYSE:AIG) from a “neutral” to a “buy” rating, setting a new price target of $90.00, which suggests a 13.07% upside. This upgrade comes amidst other analyst revisions, with the company currently holding a consensus “Hold” rating and a target price of $87.95 from various firms. AIG recently reported quarterly earnings of $1.96 per share, surpassing analyst estimates, and institutional investors have significantly increased their holdings in the company.