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** Recruitment firms Hays, Michael Page down 2.8 pct, bottom two losers on the Stoxx, after RBC cuts ratings on both cos to "sector perform" from "outperform"
** RBC analysts see little upside on Hays at current prices (keeping PT of 150p); add that they expect growth to remain muted in the UK
** Hays stock has risen 4 pct to Tuesday's close since they hit a 9-mth low on Oct. 8
** RBC analysts also cut PT on Michael Page to 530p from 610p after cutting forecasts on co citing macroeconomic headwinds
** European peers Randstad and Adecco both up more than 1 pct on the day (email@example.com)