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BUZZ-Merlin Entertainments: CS cut pulls brake on stock recovery

Reuters - UK Focus

** Merlin Entertainments (LSE: MERL.L - news) down c.2.3 pct & among top FTSE-100 losers after Credit Suisse (NYSE: CS - news) cuts TP on lower FY guidance after accident at Alton Towers theme park in June

** Brokerage moves TP to 425p from 430p vs median analyst TP of 455p

** Co, the No. 2 operator of visitor attractions in the world behind Walt Disney, last week warns of lower FY profit as Alton crash kept visitors away

** CS keeps "neutral" rating unchanged, citing no material change in long-term business drivers

** 8 of 15 brokerages rate the stock "buy" or higher, 7 "hold", with none rating it is "sell" or lower (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)