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BUZZ-Stagecoach: HSBC cuts to "reduce"

** Transport company Stagecoach's shares down 4.3 pct, set for worst day in a month; top drags on FTSE Mid 250 index

** HSBC cuts to "reduce" from "hold", on financial constraints and concerns around profit outlook; cuts target price to 200p from 205p

** Stock set to extend losing streak to 4 days

** "We see clear risk in its UK bus profit, plus lower than expected profit from UK rail especially the troubled Intercity East Coast and the debt that the group carries off balance sheet," brokerage says in the note

** "Our Bull/Bear analysis points to more downside risks. And it could take time for Stagecoach to degear," broker adds

** 5 of 13 brokerages rate the stock "buy" or higher, 5 "hold" and 3 "sell" or lower; their median PT is 220p

** Up to Thursday's close, stock had fallen 4 pct YTD