BUZZ-M&S: Broker downgrade hits stock
** Marks and Spencer among top fallers on Britain's FTSE 100, down 2.8%, as JPMorgan downgrades rating on retailer to "neutral" vs "overweight" on growth concerns
** JPM expects another quarter of negative LFL performance from M&S in General Merchandise and is also concerned that LFL growth in the Food business is becoming harder to achieve
** Brokerage reduces TP to 550p from 600p and its FY16 PBT forecast by 6 pct
** Out of 29 analysts covering the stock, 10 each have a rating of "hold" and "buy" on the stock, 5 recommend a "strong buy" while 4 suggest a "sell"
** Stock down almost 13 pct since its May peak and up 5 pct YTD (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)