UBS downgraded Direct Line (DIISY) to Neutral from Buy with a price target of 270 GBp, up from 250 GBp. The firm says Aviva’s potential acquisition crystallizes the company’s value.
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Read More on DIISY:
- Direct Line downgraded to Hold from Buy at Deutsche Bank
- 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