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Fly News Breaks for May 25, 2018
AIG
May 25, 2018 | 06:28 EDT
JPMorgan analyst Jimmy Bhullar reinstated coverage of AIG with a Neutral rating and $63 price target following a period of restriction. The analyst suspended his prior Neutral rating and $65 target in January. Bhullar expects operating trends in AIG's Property & Casualty business to gradually improve and finds the stock's risk/reward as attractive at current share levels. However, he feels the likelihood of reserve hikes is still "fairly high."
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