AIG price target raised to $82 from $81 at BofA

BofA analyst Joshua Shanker raised the firm’s price target on AIG to $82 from $81 and keeps a Neutral rating on the shares following Q2 operating EPS of $1.16, which was below the firm’s forecast of $1.33 and consensus of $1.32. Integrating Q2 results into the firm’s model, forward EPS forecasts modestly fall on lower investment income and a higher drag from corporate, partly offset by higher underwriting income, the analyst tells investors.