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AIG price target raised to $79 from $78 at Evercore ISI
The Fly

AIG price target raised to $79 from $78 at Evercore ISI

Evercore ISI analyst Thomas Gallagher raised the firm’s price target on AIG (AIG) to $79 from $78 and keeps an In Line rating on the shares. Despite the headline beat on earnings in Q3, there was a ULR miss and moving pieces on reserves, which are “likely to cause concern given reactions we have seen at other stocks,” the analyst tells investors. Following the report, the firm tweaked estimates down 1% to reflect slightly higher GOE expenses, lower buyback in the quarter and slightly lower buybacks than the firm had previously estimated, offset by better net interest income.

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