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BUZZ-Ladbrokes: worst day in 8 months on Deutsche downgrade

Reuters - UK Focus

** Ladbrokes (LSE: LAD.L - news) falls 6.6 pct as Deutsche Bank (LSE: 0H7D.L - news) downgrades to "hold" from "buy", expects "sizeable" market share loss in 2015

** Sees limited opportunities to improve store profitability without heavy investment, over-reliance on fixed odds betting terminals (FOBT) compared to William Hill (Other OTC: WIMHY - news) also a concern

** Cuts target price by 32 pct to 112p, now the second-lowest among 20 analysts covering stock, previously the highest according to Thomson Reuters data

** Worst day for stock since March 2014 (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)