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JPMorgan Chase & Co. Issues Pessimistic Forecast for American International Group (NYSE:AIG) Stock Price
JPMorgan Chase & Co. has lowered its price target for American International Group (NYSE:AIG) from $97 to $86, maintaining a “neutral” rating, which suggests a potential upside of 9.61% from its previous close. Despite a consensus “Hold” rating and an average target of $86.76 among analysts, several brokers have recently trimmed their targets for the insurance provider. AIG’s stock traded down 0.3% at $78.46, with a market capitalization of $42.1 billion, a P/E ratio of 14.49, and exceeded EPS estimates in its last quarterly report, though revenue lagged.