Piper Sandler lowered the firm’s price target on AIG (AIG) to $88 from $96 and keeps an Overweight rating on the shares. The firm is incrementally less optimistic on AIG’s AY loss ratio trends in its commercial casualty businesses. Piper’s revised estimates also reflect an adjustment in its growth assumptions in Q3 2025 given a one-time event in Q3 2024 in NA Commercial that will cause a tougher comp.
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