** Bookmaker's shares down as much as 4.8 pct afterCitigroup analysts cut their PT on stock to 100p from 125p, keep"sell" rating
** Analysts say decision of UK's competition watchdog CMAregarding Ladbrokes-Gala deal remains unclear
** CMA's deliberation is likely to take some time, addinguncertainty to the stock, they add
** "...second-guessing the CMA seems far fromstraightforward," analysts say
** Ladbrokes announced the all-share merger deal with GalaCoral on Friday, sending shares down 3.2 pct
** Worst day for stock in 4 mths, which is at 6 wk lows;stock's two-day 7.8 pct fall worst since January
** Shares among top FTSE Midcap losers, and largestloser on FTSE 350 Travel and Leisure Index
** Smaller peer GVC made an increased offer forBwin.party on Monday, days after 888 secured adeal to buy Bwin.party (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)