Deutsche Bank analyst Rhea Shah upgraded Direct Line Insurance to Buy from Hold with a price target of 250 GBp, up from 170 GBp. The company’s weak profitability, strained capital base, and the need for provisions are in the “rear-view mirror,” and evidence will emerge it is “being steered on the right path,” the analyst tells investors in a research note.
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Read More on DIISY:
- Direct Line Insurance price target raised to 194 GBp from 166 GBp at Barclays
- Direct Line Insurance price target raised to 170 GBp from 161 GBp at Berenberg
- Direct Line Insurance resumed with an Equal Weight at Morgan Stanley
- Direct Line downgraded to Market Perform from Outperform at Keefe Bruyette
