(Sharecast News) - Jefferies double downgraded Hiscox to 'underperform' on Wednesday.
The bank said Hiscox Retail is pitched as an attractive earnings diversifier against Specialty insurance, "but this is not clear to us when studying the weaker return on equity to peers".

Jefferies said the retail and cost plan announced...

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE