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BUZZ-Booker: Goldman downgrade hits stock

Reuters - UK Focus

** Cash-and-carry wholesaler Booker falls as much as 5 pct as Goldman Sachs (NYSE: GS-PB - news) cuts rating to "neutral" vs "buy" & TP to 165p vs 200p

** Goldman lowers estimates to reflect current deflation & its longer-term lower inflation expectations in UK food retail

** FY15/16 sales cut by 3pct/7pct & FY15/16 EBIT estimates are now lower by about 1pct/5pct

** The stock has fallen over 8 pct YTD (RM (LSE: RM.L - news) :aastha.agnihotri.thomsonreuters.com@reuters.net)