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BUZZ-Mitchells & Butlers: Bottom of FTSE 250 after Barclays cuts PT, rating

Reuters - UK Focus

** Pub operator Mitchells & Butlers (LSE: MAB.L - news) ' shares down 4.7 pct, bottom of the FTSE 250, after Barclays (LSE: BARC.L - news) cuts to "underweight", slashes PT to 220P from 375P

** Barclays concerned much of lfl sales growth is being achieved by either capex or price rises

** Analysts add although the National Living/Minimum Wage headwinds have been known some time, co will also face headwinds from business rates and higher food price inflation

** Stock weakest on FTSE 350 Travel & Leisure index

** Barclays cuts PT on Greene King (Frankfurt: A0F66P - news) and Marston's ; both stocks flat (RM (LSE: RM.L - news) : rahul.b.thomsonreuters.com@reuters.net)