BUZZ-Weir Group and IMI: top FTSE fallers on Investec estimate cut
** IMI (LSE: IMI.L - news) top faller on FTSE 100 in early trade , down 2.7 pct to 1110p, a 19-month low, as Investec (LSE: INVP.L - news) cuts earnings estimates for the industrials sector.
** Price target to 1425p from 1560p, FY2015 EPS cut by 5.6 pct, rating "buy".
** Weir Group down by as much as 2.4 pct to 2155p before recovering slightly, down 1.6 pct.
** Price target revised down to 2025p from 2400p, FY2015 EPS estimates cut by 3.9 pct, rating "sell".
** Recent oil price falls present additional risk to Weir, Investec said.
** Interim results in July said weak mining capex would continue into 2015.
** Weir derives 54 pct of revenues from mining sector, 33 pct from oil and gas.
** Stocks two of the worst performers on the FTSE 100 in the last month: Weir down 19.4 pct, IMI down 14.5 pct against a fall of 7.4 pct for the index.
(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)