BUZZ-Lonmin: At record low as restructuring prompts PT cuts

(Updates share movement to add record low, link to Friday story)

** Platinum miner's shares down 10 pct to a record low of 56p, after Citi, Credit Suisse (NYSE: CS - news) , JP Morgan, and Deutsche Bank cut price targets

** Worst two-day fall for co since Oct (HKSE: 3366.HK - news) . 2008, with 1.2x its daily avg volume having gone through

** Shares (Berlin: DI6.BE - news) fell to previous low of 68.1p on Friday after co announced that it would cut production and layoff up to 6,000 workers

** Brokerages cite company's announcement for PT cut; add that rights issue remains a possibility

** Citi analysts cut PT to 78p from 113p, keep "neutral/high risk" rating, after cutting their net present value to 78 cents

** JP Morgan analysts cut PT to 100p from 190p, keep "neutral" rating

** Deutsche Bank (Xetra: 514000 - news) analysts cut PT to 160p from 190p, keep "neutral" rating

** Credit Suisse analysts cut PT to 160p from 250p, keep "outperform" rating (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)