BUZZ-Home Retail: Barclays cuts to "underweight" on wage inflation
** Household goods retailer's shares down as much as 2.7 pct, second-largest FTSE midcap loser, after Barclays (LSE: BARC.L - news) cuts to "underweight" from "equal weight", PT to 130p from 175p
** Stock at nearly 1-yr lows in decent volumes, only loser on Stoxx 600 Retail Index
** Analysts say co, which operates chain Argos, is unlikely to be able to pass on increased wage costs to its customers for whom lower prices are the main draw
** New (KOSDAQ: 160550.KQ - news) living wage, set to reach 9 pounds by 2020, is expected to hurt a number of retailers and support services cos
** Stocks Buzz Minimum Wage Basket, which screens for stocks with high UK exposure, low margins and a high labour cost to revenue ratio, set to underperform on a 3-5 year view
** Stocks Buzz Minimum Wage Basket - Constituents: http://link.reuters.com/nyc35w Performance: http://link.reuters.com/kyc35w (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)