BUZZ-Aberdeen Asset Management: Citi cuts to "sell"

** Aberdeen Asset Management (Other OTC: ABDNF - news) 's shares down 2.5 pct, underperforming FTSE midcaps (marginally down), after Citi cuts to "sell"

** Analysts say Aberdeen shares have bounced 42 pct since hitting 4-yr low on Jan. 20, reflecting "too much optimism, too soon"

** Shares (Berlin: DI6.BE - news) still down 40 pct since peak in April 2015, analysts add

** Citi analysts see little risk of short squeeze, and say H1 results on May 3 are unlikely to present positive surprise

** "In fact, continued Global Equity underperformance is more likely to have led to more net fund outflows than anticipated, we think," analysts write

** Stock bottom of the Stoxx 600 Financial Services Index , which is up 0.5 pct (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)