Deutsche Bank keeps a Buy rating on AIG (AIG) with a $91 price target after Insurance Insider reported Chubb (CB) reached out to the company last month to indicate its willingness to explore a takeover. While there is significant overlap between the two businesses, especially in large account commercia, there could also be meaningful synergy potential, the analyst tells investors in a research note. Deutsche also believes AIG’s international breadth could be attractive to Chubb. With or without a deal, AIG will now viewed as a potential takeout candidate, “which should provide downside support for the shares,” contends Deutsche Bank.
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