Will This Upgrade Help AIG (AIG) Stock Wednesday?

NEW YORK (TheStreet) --American International Group (AIG) was upgraded to "buy" from "neutral" at Goldman Sachs (GS) on Wednesday.

The firm said it changed its rating for the global insurance company as AIG is generating a lot of excess capital, which it can use for buybacks or invest back into the company.

Goldman raised its price target for AIG to $63 from $50.

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AIG Chart AIG data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more

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