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Trainline falls after Peel Hunt cuts rating to hold from buy

By Reuters News

** Shares of rail ticketing company Trainline fall 4% to 192 p

** Peel Hunt cuts to "Hold" from "Buy" and cuts target price to 220p from 254p

** "We believe Trainline is undervalued on a 17% FCF yield but the discount is unlikely to close soon: Italy has slipped, UK fares may freeze again, foreign travel is weak, and CMA/GBR remain open" -- Peel Hunt

** 9 of the 13 analysts covering the stock have a "buy" or higher rating, 2 have "hold" while 2 rate it at "sell" or lower; median PT is 325 p -- LSEG data

** YTD, stock has fallen ~9% as of last close

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