** Seven Group drop 1.4% to A$35.67, its fourth drop of over 1% in the six sessions this month
** UBS lowers PT to A$43 from A$45 on the Australian conglomerate, which has interests in the media, mining and construction industries
** Says group's FY24 EBIT growth outlook of 22% looks conservative and cuts FY25 and FY26 earnings forecasts
** Still keeps "buy" rating, saying acquisition of building materials maker Boral gives group greater flexibility over capital allocation
** Stock is now down 3.4% so far this year after climbing 76% last year
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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