** Analysts at Citi lower price target on Australia's Brickworks BKW.AX to A$32.5 from A$36.6
** The firm, in which Washington H Soul Pattinson is the biggest investor, said on Tuesday it expects an A$55 mln ($34.66 mln) impairment at its North America business due to poor performance for 1H
** Brokerage notes that the impairment reflects a 15% pre-tax writedown to the net tangible asset for BKW's building products segment
** Citi hails BKW's earnings outlook and says property business is a much bigger driver of co's value; retains "buy"
** Says share price drag on Tuesday was "unwarranted"
** Stock down 7% YTD
($1 = 1.5868 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
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