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BUZZ-Rolls Royce: broker downgrades hit stock

Reuters - UK Focus

(fixes headline)

** Aircraft engines maker falls c.3 pct as multiple brokers cut target prices on the stock following last week's profit warning

** Investec (LSE: INVP.L - news) cuts PT to 420p from 520p, rating "sell"; Kepler Cheuvreux reduces TP to 470p from 660p

** RR issued its fourth profit warning in just over a year and said it could cut dividend payments

** "The latest profit warning is unlikely to be Rolls' last and we continue to see further downside risk to consensus forecasts in the short and medium term," Investec says

** Stock top FTSE-100 loser and among top fallers on Stoxx 600 (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)