GOALS Soccer Centres has been downgraded by Panmure Gordon from buy to hold.
Analysts at the broker said they felt the East Kilbride-based company was fairly valued and annual results being published on Monday were "unlikely to offer further near term upside".
Panmure said it expects Goals to report results in line with expectations with pre-tax profit of around £9.7 million.
The change in status failed to dent the Goals share price.
It closed the day unchanged at 216.5p.
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