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Fly News Breaks for February 1, 2016
AIG
Feb 1, 2016 | 09:01 EDT
As noted earlier, BMO Capital downgraded AIG to Market Perform from Outperform. The firm thinks that the company will be unable to meet its strategic goal of improving its core commercial accident year combined ratio excluding catastrophes by six points to 60% by the end of 2017. Consequntly, the firm forecasts that AIG will be unable to meet its goal of returning $25B to shareholders over the next two years. Target to $62 from $68.
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