Britain's GSK down after Jefferies downgrades to 'hold'
** Shares of British drugmaker GSK GSK.L down 1.75% at 1,372.5p
** Jefferies downgrades co to "hold" from "buy" and cuts PT to 1,525p from 2,000p
** Brokerage sees overhang for co's vaccines (Arexvy and Shingrix) and lower growth in 2025
** Last month, GSK said its vaccine sales would fall this year, after a weaker-than-expected performance for its respiratory syncytial virus (RSV) and shingles vaccines in the third quarter
** GSK CEO Emma Walmsley's bet on the RSV vaccine Arexvy has faced recent setbacks due to the U.S. public health agency narrowing age recommendations and delaying approval for adults under 60
** Seven of 22 brokerages rate the stock "buy" or higher, 12 "hold" and three "sell"; their median PT is 1,640p - LSEG
** Up to last close, stock had fallen ~5% YTD
Reporting by Joel Jose in Bengaluru
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