The investment bank, UBS Warburg, has downgraded its rating on the soft drinks producer, Cott Corp., from "buy-1" to "neutral-1" because of lower earning assumptions.

However, UBS Warburg analyst, Caroline Levy, said she would re-assess the stock if "the company adds new customers, makes a value-added acquisition, further expands into international markets, or pursues cost initiatives that would enhance margins above our current expectations."