UBS Lowers Its Target Price For AIG (AIG)
UBS lowered its target price for American International Group (NYSE:AIG) to $39 from $45 and maintained its neutral rating on the stock, after the Federal Reserve rejected AIG's bid for the Miaden Lane II assets.The Fed instead plans to sell the securities through a competitive sales process over an undefined period of time in individual segments, to maximize proceeds for taxpayers.Shares of American International are trading down 0.2% at $35.07.
Credit: Financial News Network
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