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Fly News Breaks for January 6, 2017
AIG
Jan 6, 2017 | 08:24 EDT
As previously reported, Credit Suisse upgraded AIG to Outperform from Neutral and increased its price target to $75 from $61. Analyst Ryan Tunis has a more favorable view of the P&C turnaround story and increased appreciation regarding the importance of higher interest rates on returns in Commercial P&C. Tunis believes AIG can earn 9% ROE in 2018 and can sustain that level without further restructuring.
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