Heavyweight broker Morgan Stanley is bullish on insurance firm Direct Line (LON:DLG) today and has dialled up the target price to 443p from 409p and repeated an 'equal weight' stance.
Yesterday, shares rose as the group unveiled a 10 pence a share special dividend and said it may consider a similar shareholder return at the end of the year.
The UK’s largest motor insurer plans to make the distribution, a return of £205mln, after more than fulfilling its regulatory capital requirements.
However, less in favour is German bank Berenberg, which has moved to 'hold' on the shares from 'buy' and repeated a 406p price target.
Also on the upgrade front, mining titan Anglo American (LON:AAL) is lifted to 'outperform' from 'market perform'. Deutsche digs higher on copper behemoth Rio Tinto (LON:RIO), on which it repeats a 'buy' and lifts the target to 3230p from 3160p.
Travel group TUI AG (LON:TUI) gets a clip round the ear by Credit Suisse, which lowers the target to 1245p from 1300p and repeats an 'outperform' stance.
In smaller caps, Mytrah Energy PLC (LON:MYT) shares rose today after one of America’s largest companies GW agreed to invest US$31mln in wind projects in India.
The stock, up 21% in the last six months, added a further 2.85p to 54.35p in the wake of this morning announcement, valuing the business at £92mln.
The broker Cantor Fitzgerald reckons the stock is worth 123p.
Reiterating his buy advice, analyst Adam Forsyth said: “Mytrah continues to make good progress in bringing wind assets into operation and today’s announcement shows that longer term development remains on track."