BUZZ-Aggreko: bottom of FTSE 250 after Berenberg downgrades
** Aggreko (Frankfurt: A1XFZR - news) , world's largest temporary power provider, -7% & top UK midcap faller
** Berenberg cuts stock to "sell" from "hold", TP to 770p from 800p (note dated Sept 29)
** Broker flags stock has re-rated by 12% since mid-August driven by an expected cyclical upswing in the US as the company benefits from the recovery and rebuild effort following the recent hurricanes
** Berenberg sees this re-rating as unjustified & says any cyclical recovery in the group’s North America business will be temporary and offset by disappointment elsewhere
** In particular, broker expects co to miss expectations in its Power Solutions Utility (Utility) division and it expects return on invested capital (ROIC) to continue to disappoint
** Stock second-top faller on Stoxx 600 & fourth most actively traded on index