** Shares of AB Foods ABF.L fall 2.8% to 1865p; second worst performer on the FTSE 100 index .FTSE

** RBC Capital Markets cuts stock rating to "underperform" from "sector perform" and trims PT to 1,850p from 2,050p, which represents a 3.6% downside to the stock's last close

** Brokerage sees further downside risk to consensus earnings forecasts, mainly due to pressure on ABF's largest business, Primark

** "Although we think a demerger should make ABF more investable in the long run, we think ABF's valuation is full given more limited growth prospects over the next few years" - RBC

** On an average, 19 analysts rate the stock "hold"; their median PT is 2,000p - LSEG-compiled data

** Up to Friday's close, stock had fallen ~12% YTD