Active Stock Alerts: American International, Questcor Pharmaceuticals June 6th
American International Group, Inc. (NYSE:AIG): Yesterday, the Fed announced it would sell $7.1B in CDO’s from Maiden III. The firm said AIG may try to take advantage of its subsidiaries’ regulated balance sheets to bid on some of these distressed, discounted assets. The firm believes regardless of whether the assets are sold to AIG’s subsidiaries or the broader market, AIG could realize $1B-$2B in proceeds. Shares are Buy rated with a $45 price target.
Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR): Leerink believes Questcor’s May Acthar prescription figures reported this morning were strong, and thinks the stock will react favorably to the news. Leerink said it would be aggressive buyers of the stock today and keeps an Outperform rating on the name.
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