Amplifon drops after brokers flag softer market dynamic into Q2
** Shares in Amplifon AMPF.MI fall as much as 7% after brokerage Equita cut its estimates on the Italian hearing aid company citing softer market dynamic
** Pointing to still lacklustre dynamic in Europe and "essentially neutral price effect" in H1, Equita cut its organic growth estimates for Q2 to 5.5% from 7.9% and for the full-year to 6.3% from 7.2%
** Similarly, Jefferies notes that overall hearing aid market dynamic may have slowed down into Q2 after strong Q1
** It points to normalising U.S. market after two years of mid-teen growth and adverse patient sentiment in Europe, impacted bythe weather and elections
** Still, Jefferies notes that productivity measures should drive sequential margin gain, even if at a lower pace than in Q1
** By 0823 GMT Amplifon's stock is down around 5% to its lowest since early May
($1 = 0.9240 euros)
(Reporting By Philippe Leroy Beaulieu)
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