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Fly News Breaks for December 7, 2018
AIG
Dec 7, 2018 | 09:49 EDT
RBC Capital analyst Mark Dwelle lowered his price target on AIG to $58, reflecting his view of the company's Q4 catastrophe loss estimates. The analyst expects Q4 to be "another heavy catastrophe quarter" related to claims from California fires and Hurricane Michael. Longer term, Dwelle maintains his Outperform rating on AIG and views it as an "attractive value idea in the insurance space at the current valuation."
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