BUZZ-Aberdeen: warns more EM pain to come after weak H1

** EM-focused Aberdeen Asset Management (Other OTC: ABDNF - news) -7%, top FTSE midcap loser & on track for worst fall in over 3 mnths

** H1 underlying PBT -40%, hit by EM slump & asset fund firm says these conditions likely to lead to further asset outflows

** "An all round bad set of results," Numis writes, cutting to "hold" from "add"

** 7 of 18 analysts have changed their FY PBT est on ADN over past 30 days, making avg revision of -0.5%, Reuters data shows

** Peel Hunt cuts to "add" from "buy" & says sharp share recovery has left flows/forecasts to play catch up

** Stock +c.3% YTD but -c.36% y/y