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Fly News Breaks for August 8, 2019
AIG
Aug 8, 2019 | 08:41 EDT
AIG reported "health" Q2 results, but they are not as strong as they appear, JPMorgan analyst Jimmy Bhulla tells investors in a post-earnings research note. AIG's earnings beat forecasts, but core business trends were "lackluster," says the analyst. He keeps a Neutral rating on the shares and leaves his estimates unchanged despite the airings beat in Q2. Bhulla views AIG's fundamental outlook as mixed and continues to have concerns about downside risk to consensus estimates.
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