BUZZ-Standard Life Aberdeen shares lose post-Phoenix deal lustre

** Shares (Berlin: DI6.BE - news) in Standard Life Aberdeen down 2.7 pct in late Friday trading after earlier being up more than 4 percent as market digests details of insurance unit sale to Phoenix.

** Analysts at UBS (LSE: 0QNR.L - news) , KBW among those to say the 3.24 bln stg cash-and-shares deal undervalues the unit.

** UBS analysts say in a note to clients that the deal lags their valuation of 3.4 bln stg and is "dilutive".

** UBS say the deal means the loss of "stable and significant earnings" at a time when SLA is suffering fund outflows. Rates the stock 'neutral' with 410 pence price target.

** KBW analysts says similar deals would normally carry a premium, but this one looks to be at a discount. Rates stock as "market perform", with 376 pence price target.

** KBW says loss of earnings from unit calls dividend sustainability into question.