Why American International Group Inc (AIG) Is Headed Higher This Morning

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While the company ultimately wants to rid itself of the operations to reduce company debt and refocus on its core businesses, maintaining the leasing segment is not a huge detractor from the AIG recovery story. Management has been cutting costs, reducing debt, expanding, and setting goals for long-term success. All of this leads many to believe that the insurer is well on its way to being the giant it was before the financial crisis. In fact, the reason AIG is up this morning is likely because of a price target upgrade from Deustche Bank — from $52 to $56, a 24% upside from yesterday’s close.

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The article Why AIG Is Headed Higher This Morning originally appeared on Fool.com.

Fool contributor Jessica Alling has no position in any stocks mentioned — you can contact her here. The Motley Fool recommends American International Group. The Motley Fool owns shares of American International Group and has the following options: Long Jan 2014 $25 Calls on American International Group.

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