Filed Under:Markets, Company News

Upbeat on AIG, Sterne Agee Analysts Assign the Insurer a "Buy" Rating

Photo credit: Renjith Krishnan
Photo credit: Renjith Krishnan

A New York-based securities firm today initiated coverage of American International Group, New York, with a buy rating based on its view that its major problems are behind it, and there is a potential for strong growth in core operations, such as Chartis.

“While we view AIG as an event-driven stock in the near term, we view it as a return-on-investment improvement/free cash flow story longer-term,” say analysts at Sterne Agee in New York.

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Nichole Morford

Nichole Morford
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