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BUZZ-Lonmin: UBS raises to "neutral" after share slump

Reuters - UK Focus

** Platinum miner's shares up as much as 4.8 pct before paring gains after UBS (NYSEArca: FBGX - news) raises rating on co to "neutral" from "sell", cuts PT to 25p from 45p

** Risk/reward is now balanced on shares, analysts say; shares have fallen 87 pct YTD with Tuesday's 22.9p close marginally above co's 20.58p record low hit on Monday

** Analysts cut PT on expectations that co will have to raise equity to deal with debt due to expire in 2016

** Sector at large trading strongly after Glencore (Amsterdam: GX8.AS - news) placing, up 0.8% (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)