Barclays upgraded its stance on Direct Line to 'overweight' from 'equalweight' and lifted its price target to 413p from 384p as it took a look at motor insurers.
Life insurers are not as overpriced as many investors believe, said JP Morgan Cazenove in a note on Friday, but an expected shifting pricing backdrop in 2018 saw it upgrade Lancashire but downgrading Admiral and Hastings.
Early strong gains in European stockmarkets stuck this time, amid US tax reform progress that boosted the dollar's value and after news broke of a possible breakthrough in Brexit talks.
Dialog Semiconductor said on Monday that Apple, its largest client by far, could potentially design its own power management chips "in the next few years", sending shares in the UK-based, German-listed chip maker into red for the second day in a row.
Apple will use power chips designed in-house for iPhone built in 2018, reports suggested on Thursday, sending shares in UK-based chip designer Dialog Semiconductor crashing.
Direct Line issued a mixed update for the first nine months of the year, in which it warned that the impairment charge in 2017 could exceed that incurred last year.
RSA Insurance got a boost on Tuesday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'neutral' as it took a look at the UK non-life sector.
Motor insurance pricing is set to hold steady as companies benefit from another shift in the sector's dynamics, Deutsche Bank said as it recommendation on Admiral and kept Direct Line and Esure at 'buy'.
British Land: Deutsche Bank upgrades to Buy with a target price of 660p.
Direct Line said on Friday that Penny James - currently chief risk officer and executive director at Prudential - will join the company as chief financial officer designate.
Insurance company shares were boosted as the government backtracked on rules governing the way personal injury claims are calculated.
Morgan Stanley upgraded Direct Line Group's target price from 423.00p to 451.00p in a research report on the insurer on Thursday.
Direct Line posted a 9.5% jump in first-half operating profit on Tuesday as gross written premiums rose 5% and the insurer bumped its dividend up by 39%.
Direct Line: Credit Suisse upgrades to Outperform with a target price of 410p.
Burberry: HSBC downgrades to Reduce with a target price of 1580p.
Shares in Trakm8 Holdings advanced more than 7% as investors cheered a contract extension with motor vehicle insurer Direct Line Group.
Business at Direct Line Group continued to motor ahead during the first quarter of the year, driven by demand for its own brand motor insurance, with the company reiterating its guidance for key metrics in fiscal year 2017 despite a challenging home market.
Shares in Apple supplier Dialog Semiconductor tanked on Tuesday after German private bank Bankhaus Lampe cut its rating on the stock due to the risk that the US company could start making its own microchips, although other analysts said these risks were being overdone.
The government on Thursday unveiled its consultation into the future of the discount rate for personal injury payouts after insurers were forced to make large write-downs against future claims.
Direct Line chief financial officer John Reizenstein's wife has picked up some shares in the motor insurer after its results put a dent in the share price.