** Shares of Lendlease Group LLC.AX fall as much as 2.5% to A$6.600, as Citi downgrades its rating to "Neutral" from "Buy", a day after the real estate company posted its HY results
** Brokerage trims price target to A$7.50 from A$8.00
** The company posted HY operating profit after tax of A$122 mln ($77.53 mln) which missed Visible Alpha consensus of A$180.74 mln
** We believe weaker construction result & development provisions, as well as lower development earnings in FY26, makes near term earnings outlook less attractive and potentially uncertain - Citi
** Stock has risen 16.9% this year so far
($1 = 1.5736 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))