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BUZZ-Inchcape: Berenberg says share price pullback overdone

Reuters - UK Focus

** Car (HKSE: 0699-OL.HK - news) dealer Inchcape (Other OTC: IHCPF - news) up 7.6%, second-top gainer on FTSE 250 Index as Berenberg raises rating to "buy" from "hold"

** Says with over 80 pct of co's EBIT generated outside UK, co will benefit from FX translation and greater end-market resilience than many domestic focused mid-caps

** Broker increases its group EBIT forecasts for 2016/17/18 by 3-5%, driven by stronger estimates for Singapore and EM

** Up to Thursday's close, stock had fallen about 18 pct YTD; slightly better than FTSE 350 General Retailers Index which is down 22 pct

(RM (LSE: RM.L - news) : pranav.kiran@thomsonreuters.com@reuters.net)