UPDATE: Deutsche Bank Raises PT to $35 on American International Group

Deutsche Bank increases its price target on Buy-rated American International Group

by $6 to $35 on the company's execution of a sophisticated and finance strategy. Deutsche Bank says, "We believe the company must and can improve results in its core insurance businesses, but, in our opinion, this is an imperative of the second order compared with growing BVPS and improving ROE through monetizing assets and reducing sharecount. Successful execution on capital management plans can buoy valuation in excess of what ROE might otherwise imply." AIG closed at $28.41 a share yesterday.