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BUZZ-Abcam: Peel Hunt downgrades to 'add' on valuation

** Peel Hunt downgrades Abcam to "add" from "buy" on valuation

** Raises target price to 1,550p from 1,330p

** Says much of the upside to its prior PT is due to the company being more explicit in disclosures on "Abcam Inside' progress

** Peel Hunt says had moved to 'buy' in January as share price was overdone based on the weakness in Q4 2018

** ABCA up ~33% YTD (Reporting By Geetha Panchaksharam)