BUZZ-Ted Baker: hit by Jefferies downgrade

** British designer clothing brand Ted Baker down2.2 pct, 2nd-worst performer on FTSE 250, afterdowngrade from Jefferies

** Jefferies says prolonged unseasonable warm weather andfurther slowdown in Asia is set to take the shine off TED'smomentum in the near future; downgrades to "hold" v "buy"

** Broker adds that margin pressure from higher-thanexpected operating costs - further IT development andinternational expansion - limiting operating margin progression;cuts TP to 3200p from 3400p

** Stock down c. 15 pct from its November peak

** Jefferies has five stars (maximum) for recommendationaccuracy on Ted Baker, according to StarMine (out of a sample offour analysts)

(Reuters Messaging: rahul.b.thomsonreuters.com@reuters.net)