Recordati downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Charles Pitman downgraded Recordati to Underweight from Equal Weight with a price target of EUR 35, down from EUR 40. The analyst sees decelerating sales growth and near-term margin pressure. In addition, the current capital markets environment is less accommodative to future accretive deals, the analyst tells investors in a research note.