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Fly News Breaks for March 13, 2017
AIG
Mar 13, 2017 | 05:50 EDT
Deutsche Bank analyst Joshua Shanker downgraded AIG to Sell saying the resignation of CEO Peter Hancock is a "negative catalyst." The lack of a known successor indicates indecision from the board regarding strategic direction, Shanker tells investors in a research note. He believes the share buyback could be at risk and cut his price target for the shares to $57 from $61.
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