Exane BNP Paribas downgraded Direct Line (DIISY) to Neutral from Outperform with a 232 GBp price target The firm cites the share rally on the buyout bid for the downgrade.
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Read More on DIISY:
- 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
- Aviva exploring takeover of Direct Line, Bloomberg reports
- Direct Line upgraded to Outperform from Neutral at Exane BNP Paribas