TD Cowen and other analysts lower AIG price targets due to COVID-19 implications and potential stock volatility.
TD Cowen and several other analysts have lowered their price targets for American International Group (AIG) due to COVID-19 implications and potential stock volatility. AIG's Q2 earnings per share of $1.16 missed the consensus estimate by $0.14. In response, the company announced a $10bn stock repurchase plan and a quarterly dividend of $0.40 per share. Despite the reduced price targets, AIG has received a mix of buy, hold, and sell ratings from analysts, with the overall average rating being a hold.
August 16, 2024
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