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Buzz -Berendsen: hit by another broker downgrade

** Workwear and hygiene company Berendsen -2.2 pct,

** Credit suisse (IOB: 0QP5.IL - news) double downgrades co to "underperform" from "outperform"; cuts TP to 700p from 1200p

** "Having previously taken a positive view on BRSN's track record of apparent P&L stability, strong balance sheet and cash generation in the past we think that it faces a period of rising leverage, lack of cash generation and sluggish operational performance," broker says

** Comes on heels of Barclays (LSE: BARC.L - news) downgrade to "underweight"

** Up to Tuesday's close, stock had fallen 6.7 pct YTD