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Fly News Breaks for November 11, 2015
AIG
Nov 11, 2015 | 07:01 EDT
Deutsche Bank analyst Joshua Shanker believes a breakup of AIG, which activists are pushing for, would not solve the company's problems. Management's argument against a split up makes sense, Shanker tells investors in a research note titled "AIG is Hard to Fix." His 2016 and 2017 are low on the Street as he expects earnings disappointments are forthcoming for AIG. The analyst lowered his price target for the stock to $62 from $64 and keeps a Hold rating on the name.
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