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BUZZ-PZ Cussons: down after Goldman cuts rating

Reuters - UK Focus

** British soap & shampoo maker PZ Cussons (LSE: PZC.L - news) down c.4 pct, one of the top percentage losers on the FTSE mid-cap index

** Goldman Sachs (NYSE: GS-PB - news) cuts rating on stock to "neutral" vs "buy" and removes it from pan-Europe buy list

** Goldman reckons stock has outperformed the sector by 14 pct YTD and has re-rated to 19x 12m fwd P/E, from 16x at the beginning of 2015

** Broker update est. to reflect improving conditions in Nigeria post elections

** Nigeria is Cussons' biggest market, though it also sells in Ghana and Kenya

(RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)