BUZZ-Centrica: falls after Morgan Stanley downgrade
** Centrica (Frankfurt: A0DK6K - news) down 4.4 pct; bottom of FTSE 100 index
** Morgan Stanley (Xetra: 885836 - news) cuts rating to "underweight" from "equal-weight" and TP to 115p from 160p
** Morgan Stanley says company continues to lose customers across its UK and US businesses, and it has missed targets for new business growth
** Expect UK retail competition to remain intense post a tariff cap, this will mean lower customer numbers, and more pressure on profitability - Morgan Stanley
** See greater levels of competition coming in US retail (both B2C and B2B), as peers consolidate and remove costs - Morgan Stanley
** Morgan Stanley cuts company's DPS expectation for 2020 to 8p (from the current 12p - consensus at 11.2p)