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Why American International Group Shares Are Down Today

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BofA Securities analyst Joshua Shanker downgraded American International Group Inc (NYSE:AIG) to Neutral from a Buy rating but raised the price target to $77 (from $75).

Despite strong fourth-quarter results, the analyst is bearish on the stock as he expects the company to face several difficulties in 2024.

Last week, AIG reported quarterly earnings of $1.79 per share, which beat the analyst consensus estimate of $1.64 by 9.15%. The company reported fourth-quarter net premium …

Full story available on Benzinga.com

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