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BUZZ-ITV: Price targets cut after warning on ad revenue weakness

** Broadcaster ITV's shares down 3.1 pct, at lowest since Jan. 2015, after brokerages cut their price targets

** Barclays (LSE: BARC.L - news) , JP Morgan, Citi, UBS (LSE: 0QNR.L - news) , Deutsche Bank (LSE: 0H7D.L - news) , Kepler Chevreux all cut targets on co after it warns H1 net advertising revenue will be flat; ITV (LSE: ITV.L - news) earlier expected revenue would grow

** Co says customers holding back from spending in anticipation of referendum on Brexit

** Deutsche (sell-rated on stock) says outlook even worse than expected, adds "This is not a temporary Brexit blip"

** Including Friday's move, ITV shares down 23 pct YTD, fifth-worst performers on FTSE 100 (down 2.8 pct) and third-worst on Stoxx 600 Media Index (down 9.2 pct) (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)