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BUZZ-Britvic: hits 2-mth lows as SocGen downgrades

Reuters - UK Focus

** Britvic (Other OTC: BTVCY - news) at levels last seen mid-Feb as SocGen (Paris: FR0000130809 - news) cuts rating to "hold" vs "buy", with the broker warning about FX impact given weak euro, ahead of H1 on May 20

** SocGen estimates FX will take c.£20m off H1 sales; for FY it cuts its sales forecast by £32m

** More price pressure from the supermarkets a risk for Britvic, broker says

** Stock, down 2.8 pct, 4th-top FTSE 250 faller in robust trading volume (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)