Broker Recommendations

Jefferies downgrades Direct Line to 'hold'

By Michele Maatouk

Date: Tuesday 12 Nov 2024

(Sharecast News) - Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut the price target to 165p from 235p.
"In our view, the industry-wide turn to deflation means that the time to raise prices ahead of inflation without materially contracting the policy count has now passed," it said.

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