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Fly News Breaks for May 17, 2018
AIG
May 17, 2018 | 07:17 EDT
As previously reported, UBS analyst Brian Meredith upgraded AIG to Buy from Neutral. The analyst cited the new CEO's turnaround strategy, which involves investing in talent and making changes to make the company grow. He believes expectations have been reset and earnings estimates have bottomed out and that shares have meaningful upside as AIG returns to growth. Meredith has a $65 price target on AIG shares.
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