August 9, 2017 / 8:07 AM / in 4 months

BUZZ-Carl Zeiss Meditec: falls after star broker downgrades

** German medical technology company Carl Zeiss Meditec shares down >4 pct

** 5-star rated Kepler Cheuvreux cuts to “hold” from “buy” -- first rating change in two years -- after strong run

** Kepler says Bausch & Lomb deal unlikely to materialise

** Valeant Pharmaceuticals was in talks to sell its Bausch & Lomb unit’s surgical products business to Carl Zeiss, Bloomberg reported in June

** Kepler says it would take profits until M&A expectations for large-scale deals are washed out

** A full day’s avg vol through in first hour of trading itself

** Stock top loser on XETRA Tecdax performance index

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