Broker snap: Royal and Sun Alliance downgraded after rise
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Credit Suisse has lowered its rating on Royal and Sun Alliance to 'underperform' from 'neutral' on valuation grounds.
The broker, which keeps its 146p price target on RSA, said it had outperformed the insurance sector recently.
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The price target offers 5% upside potential, compared with a sector average of 21%, Credit Suisse noted.
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