AIG price target lowered to $76 from $77 at Wells Fargo
The Fly

AIG price target lowered to $76 from $77 at Wells Fargo

Wells Fargo lowered the firm’s price target on AIG (AIG) to $76 from $77 and keeps an Equal Weight rating on the shares. The firm notes shares traded down post earnings owning to the company guiding down for net interest income in Q4 and guiding to a 10% ROE in 2024. While they are probably including some conservatism, Wells shakes out at a 10.3% ROE in 2025 and 10.8% in 2026.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App