Deutsche Bank analyst Cave Montazeri initiated coverage of AIG with a Buy rating and $79 price target. AIG is now two-thirds of the way into its restructuring plan and the turnaround in AIG’s commercial line segment is “now more or less complete,” says the analyst, who sees this allowing AIG to focus on “the final piece of the puzzle,” fixing its personal lines business. The firm is “encouraged by the company’s early strides” and believes this will help AIG generate a 10.1% ROCE by 2025, the analyst added.
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