UK markets closed

BUZZ-Epiroc: JPM cuts on lack of near-term momentum

** JP Morgan cuts Swedish mining gear maker Epiroc to "neutral" from "overweight" as it sees a lack of momentum limiting upside for the shares in the near term

** The broker notes management's guidance for flat sequential Q2 demand and adds Q3 is seasonally weakest for orders

** It says it believes investor focus remains on orders -- expects Q2 orders of SEK 10.3 bln and 5% organic decline yoy

** JPM sees better value in Metso and Weir (both "overweight")