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A popular subject (previous) on the sell-side today, AIG is reiterated a Buy at Sandler O'Neill....

A popular subject (previous) on the sell-side today, AIG is reiterated a Buy at Sandler O'Neill. The firm's price target of $44 assumes AIG sells for just 65% of Q1 2014 book value as opposed to its industry brethren at 104%. The quality of AIG's earnings, "good, but not great," suggests a reason for the discount.
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