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BUZZ-Johnson Matthey: Warns metal prices, foreign exchange to hurt

Reuters - UK Focus

** Autocatalyst maker Johnson Matthey (LSE: JMAT.L - news) down 1.6 pct, second-largest loser on STOXX 600 Chemicals Index after warning FY results would be lower due to the impact of foreign exchange and low metals prices

** If exchange rates and PGM prices remain at current levels results will see a hit of about 10 mln stg, co says

** Peer Victrex also down 1.3 pct as Citigroup (NYSE: C - news) cuts PT to 2100p from 2200p, Exane BNP Paribas cuts PT by 2 pct to 2450p

** Both Citi and Exane cite weak demand in oil & gas sector, as well as a lack of growth in its Invibio unit, for cut in Victrex (LSE: VCT.L - news) 's PT (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)