BUZZ-McBride: Jefferies cuts to "hold" on uncertainty, low visibility

** Jefferies downgrades cleaning products maker McBride Plc to "hold" from "buy" following profit warnings and the surprise departure of CEO

** Cites "uncertainty and low visibility, balanced by close-to-trough valuation and some potential to surprise positively in FY20"

** The company issued a profit warning for the second time this year and said CEO Rik De Vos to step down in early May

** "Room to beat in FY20, but confidence low," Jefferies says, moving to sidelines ahead of Q4 update on 11 July

** Says the events of H1 2019 suggest that the company's ability to anticipate and control changes in the volume and input cost environment is strictly finite

** Jefferies cuts its PT by more than half to 75p from 160p, moving to the lowest PT among the brokerages covering MCB

(Reporting By Geetha Panchaksharam)