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Vetr Upgrades AIG To Buy As Price Remains Flat

Chris Dier-Scalise

On Wednesday, the Vetr crowd upgraded their rating for American International Group Inc (NYSE: AIG) from 3.5 stars (Buy), issued 12 days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was generally positive, with 66 percent of Vetr user ratings bullish.

AIG has been in an overall downtrend for more than a month. Shares plummeted more than $6 after the life insurance company reported below estimates on EPS, $0.84 compared to $1.01, and came in only slightly above its estimated revenue, $13.01 billion $12.87 billion.

Following a slight rebound in the following weeks, the stock has resumed a downward curve since March, which also came with a downgrade for the stock from Deutsche Bank.

AIG closed today at $61.77.

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Currently, the Vetr crowd's average target price for AIG is up at $72.50, which is above the average analyst rating of $64.65. Less than 2 percent of Vetr users are holding AIG in their watch lists.

Latest Ratings for AIG

Date Firm Action From To
Mar 2017 Deutsche Bank Downgrades Hold Sell
Jan 2017 Credit Suisse Upgrades Neutral Outperform
Dec 2016 BMO Capital Upgrades Market Perform Outperform

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