Analysts' Upgrades and Downgrades
AIG at a Turning Point, UBS Says; Shares Rise
Stock quotes in this article:AIG
NEW YORK (TheStreet) -- The fate of American International Group(AIG) can go either way, UBS says, but investors are betting on the upside.
Shares of the flailing insurer increased 2.5% to $43.77 in morning trading, after UBS resumed coverage of the stock with a neutral rating. UBS said the government's majority ownership of AIG is a pivotal catalyst for a recovery or further downturn. If the government reduces its ownership and eases the terms of its repayment agreement, shares could soar, UBS says; but if the agreement stays the same, UBS argues, the stock is headed for another drop. Separately, AIG announced that it is nearing the sale of its Taiwan unit after Primus Financial offered more than $2 billion for the company, Bloomberg reported. AIG has been trying to shed assets to repay its $85 billion loan from the government. -- Reported by Jeanine Poggi in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
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