-BUZZ-Elior: Slumps on H1 prelim miss, guidance cut

(Adds share move)

** Shares (Berlin: DI6.BE - news) in French catering group fall 14 pct to their lowest since Jan 2015 after co cuts full-year targets

** Posts H1 prelim results below expectations, cites competitive environment, "managerial instability", poor weather conditions

** "Some of these factors... point towards a theme of increasing competition and a tougher environment in contract catering", says Morgan Stanley (Xetra: 885836 - news) , which keeps "underweight" rating for Elior (Paris: FR0013204435 - news)

** Kepler Cheuvreux, a top rated analyst for the company, cuts target price by 9.8 pct to EUR 18.5 and sees 2018 organic growth at 3.1 pct vs previous guidance of 3.7 pct

** Stock set for worst day since Nov., YTD loss widens to 22 pct

** More than 170,000 shares traded within first 5 min. of trading, reaching 1/2 30-day avg

** Sodexo down 1.6 pct, British peer Compass falls 1.7 pct

** Elior top faller on STOXX 600