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BUZZ-Betfair: retreats from all-time high as Numis downgrades

Reuters - UK Focus

** Online gambling company down 4 pct, falling back from a record hit earlier this wk & top FTSE midcap loser after Numis cuts stock to "sell" from "reduce"

** Co "is not, in our view, on track for the market dominance", Numis says, adding competition in sector is high

** Stock easily top loser on FTSE 350 Travel and Leisure Index, with more than a third of its daily avg going through in the first 40 minutes of trade

** Of 16 analysts covering stock, 9 have a rating of "buy" or higher, 4 have a rating of "hold", and 3 have a rating of "underperform" or lower, with a median TP of 2,050p (shares currently trade at 2,539p), according to Thomson Reuters data (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)