BUZZ-Balfour Beatty: investors take profit after positive results
** Balfour Beatty (Other OTC: BAFBF - news) reverses course to trade -2.1% & among top FTSE midcap losers
** BAML suggests that restructuring benefits (that yield 1st annual profit in 2 yrs) already priced into stock
** British construction and support services firm posts 2016 PBT from cont ops before one-off items of 60 mln stg vs loss of 123 mln stg yr ago
** Higher disposals help co exceed 2016 cash targets, but cause analysts to cut 2017 disposal targets & headline EPS est (Liberum reduce 2017 EPS by 23%, BAML to 11p from 16.5p)
** Almost twice 30-day daily avg vol through
** Up to Wed's close, stock +5.6% YTD vs midcap index +4.9% (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)