Deutsche Bank analyst Rhea Shah downgraded Direct Line (DIISY) to Hold from Buy with a price target of 275 GBp, up from 250 GBp. The firm cites valuation for the downgrade.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIISY:
- Direct Line price target raised to 250 GBp from 220 GBp at Deutsche Bank
- Direct Line downgraded to Neutral from Outperform at Exane BNP Paribas
- Direct Line price target raised to 250 GBp from 200 GBp at JPMorgan
- Direct Line says Board ‘unanimously rejected’ Aviva’s ‘opportunistic’ offer
- Aviva confirms non-binding proposal submitted to Direct Line
