BUZZ-Inmarsat: another brokerage sounds warning on recent FY cut

** Inmarsat (LSE: ISAT.L - news) -c.3% & top FTSE 100 loser after Citi cuts TP on stock to 880p from 1000p pointing to lower growth in maritime & enterprise unit

** Taken from Fri's low, co has lost c.780 mln stg of its market cap since May 4, day before it cut FY revs guidance, citing tough trading environment & weakening demand

** Citi lowers its 2016-2018 rev, excl Ligado, forecast by 5-6% ($1.298 bln-$1.499 bln)

** Says co's new FY rev target still looks challenging (new target: revs, excl Ligado, of $1.175 bln-$1.250 bln)

** At least 4 other brokerages have trimmed their TPs on the stock after results

** About 40% 30-day avg vol through in first 30 mins

** Stock down 30% YTD vs c.2% for broader index