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BUZZ-Just Eat: bottom of FTSE 100 after Deutsche Bank downgrades

** Shares (Berlin: DI6.BE - news) in Just Eat (Frankfurt: A1100K - news) fall 4.5 pct after Deutsche Bank downgrades to "sell" from "hold"

** Analysts cite investment plan coming at expense of profitability

** Also, DB cuts numbers by 20-30 pct in 2018-2020 and lowers long term EBITDA margin assumption for the group from 50 pct to 33 pct

** Brokerage also cuts TP, to 630p from 830p

** Just Eat's investment plan makes strategic sense, but with substantial implementation risks, additional costs and an uncertain return - Deutsche Bank (IOB: 0H7D.IL - news)

** Stock down c12 pct since FY results on March 6, when it said it would make investments in delivery in the UK, Canada, Australia & NZ

** Top faller on FTSE 100 on Monday and second most actively traded stock on the index