Deutsche Bank analyst Joshua Shanker says that if AIG (AIG) hits its stated goal of 600 basis point reduction in Commercial P&C loss ratio through 2017, its core loss ratio would be better than both Travelers (TRV) and the new Chubb (CB). Shanker views the goal as too optimistic and is not modeling for it entirely in his model. He keeps a Hold rating on AIG with a $60 price target.
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