Deutsche Bank downgrades AIG after Hancock resignation

The departure of AIG CEO Peter Hancock could be a "negative
catalyst" for the carrier, Deutsche Bank analysts warned as
they downgraded the company's stock to sell from hold.
Joshua Shanker and colleagues also cut their price target on the
stock by 6.6 percent to $57.00.
In their note, the analysts wrote that AIG's lack of a clear
successor to Hancock "indicates indecision from the board
regarding strategic direction".
They also said the $12.2bn share buyback AIG promised for this...