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BUZZ-Direct Line: Stock up on JPMorgan rating upgrade

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in Direct Line rise as much as 1.4 pct after J.P.Morgan Cazenove upgrades UK's largest motor insurer's rating to overweight from neutral

** Stock ranks amongst top percentage gainers on FTSE 100 in early morning trade

** J.P.Morgan (Other OTC: MGHL - news) increases target price on Direct Line to 349p from 240p

** Brokerage sees attractive risk reward due to gearing to UK motor pricing and attractive valuation multiples (aashika.jain.thomsonreuters.com@reuters.net)