Goldman Sachs downgraded AIG (AIG) to Neutral from Buy with a price target of $79, down from $83. The downgrade is predicated on the view that AIG’s Commercial Lines loss ratio will deteriorate more than expected in coming years, stemming from the company’s overweight exposure to pricing pressure in specialty property lines, financial lines, and large accounts, the analyst tells investors in a research note. The firm believes AIG’s commercial line pricing has already fallen below trend in both regions and pricing will remain below trend through 2026 at least.
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