BUZZ-Restaurant Group: Nomura cuts rating, target price

November 15, 2015

** Restaurant operator’s shares down c.4 pct, top FTSE midcap loser after Nomura downgrades to “reduce” from “neutral”, cuts PT to 635p from 746p ** Analysts reckon threat from a hike in the UK minimum wage and expect a 70bp contraction in EBIT margins in FY16