UK's OSB Group bottoms FTSE midcaps after Peel Hunt downgrade
** Shares of British lender OSB Group OSBO.L fall 7.6% to 397.8 pence
** Stock top loser on FTSE mid-cap index .FTMC, which is up 0.14%
** Peel Hunt downgrades stock to 'hold' from 'add'; it raises PT to 414p from 395p
** "Following continuing subdued mortgage market conditions and a recent 1.25 bln pound securitization issue, we now expect negative loan growth in 2024 and lower than previously forecast in both 2025 and 2026" - Peel Hunt
** Brokerage, however, adds its view of OSBO's medium-term returns is modestly strengthened
** Including session's losses, stock down 16.5% YTD
Reporting by DhanushVignesh Babu in Bengaluru
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