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Fly News Breaks for June 30, 2016
AIG
Jun 30, 2016 | 07:15 EDT
As previously reported, Atlantic Equities upgraded AIG to Overweight from Equal Weight. Analyst John Heagerty said the selloff in shares is overdone given the firm's $25B capital management program remains largely intact and said the planned $22B+ of buybacks over the next two years should prove to be extremely value enhancing. Given management's renewed focus on ROE improvement, Heagerty views current valuation as an excellent buying opportunity.
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