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Fly News Breaks for February 28, 2017
AIG
Feb 28, 2017 | 07:50 EDT
After AIG reported lower than expected EPS, Wells Fargo cut its 2017 EPS estimate for the company to $5.15 from $5.30. However, the firm thinks that the company has a number of upcoming positive catalysts, including potential management turnover, share buybacks, higher interest rates, and a rating affirmation by AM Best. The firm keeps an Outperform rating on the stock.
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