** Jefferies downgrades Paladin Energy PDN.AX stock to "hold" from "buy" and cuts PT to A$5.5 from A$8.5
** Brokerage lowers FY25 production forecast to 2.17 million pounds (Mlb) from the 2.8 Mlb estimated last week, reflecting more aggressive impact to the Langer Heinrich ramp-up profile
** Co restarted operations at the mine in Namibia and withdrew annual outlook on Wednesday after halting production in the previous week due to heavy rainfall
** We see broader temporary uranium market disruption from rainfall impacts across all operations in Namibia, considering the country contributes ~10% of global supply - Jefferies
** ASX-listed shares closed 11.6% lower in the last session, closing at a nearly 2-year low
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))