BUZZ-Experian: CS cuts to "neutral", removes from "focus list"

** Credit Suisse downgrades world's biggest credit data company Experian to "neutral" from "outperform" on valuation

** Sees Experian as a high return, relatively stable, cash generative growth company with excellent long-term prospects, but says valuation has run ahead of itself in the short term

** CS removes Experian from its "focus list" and raises price target to 2360p from 2250p to reflect changes in US/GBP exchange rates

** Expects organic growth to slow in FY20, which will create a challenging environment for further re-rating

** However, says longer term outlook remains positive with strong underlying markets and a raft of new market opportunities to support growth

** CS expects organic growth to slow from 10% in Q4 2019 to 7% in Q1 2020 (Reporting By Geetha Panchaksharam)