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Bank of America and Mizuho Cut AIG Price Targets, Maintain Neutral Ratings
Bank of America and Mizuho Financial Group have each lowered their price targets for American International Group, Inc. (AIG), while maintaining a Neutral rating on the stock. These adjustments were made to reflect Q4 developments, updated peer multiples, and revised estimates across US and North America insurance coverage. Despite the reduced price targets, AIG’s management reaffirmed its focus on growth in its General Insurance segment and cost discipline, aiming to bring its expense ratio below 30% by 2027.