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Goldman Sachs has upgraded its rating for American International Group (AIG) to 'Buy', signaling confidence in the insurer's growth trajectory. The investment bank also raised its price target for the stock from $83 to $90 per share. Analysts cited AIG's robust earnings growth and a solid foundation in its underwriting operations as primary drivers for the upgrade. Furthermore, the company is making strategic strides in technology through a collaboration with McGill and Partners. This partnership aims to leverage Artificial Intelligence (AI) to optimize capacity deployment within the subscription market. These developments reflect AIG's commitment to modernizing its operations while maintaining financial strength in a competitive landscape.
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