Clas Ohlson drops, analyst notes worries over growth

** Shares in Clas Ohlson CLAS_B fall to two-month lows with an analyst pointing to a slowdown in sales growth that dwarfed better-than-expected Q4 EBIT

** The Swedish retailer reported EBIT for the three months from November to January at SEK 553 million ($55.12 million), 5% above consensus

** But Kepler analyst Magnus Råman points to weakened growth momentum, lack of clarity over target hikes and currency effects that hit the shares

** The company says its sales in February rose by 4%, with a negative 1% currency effect, against a 13% growth booked for the previous three months

** It sticks to its target for an annual operating margin growth of 7-9%

** The shares rose as much as 9% close to the market open, but shortly reversed course and are 6% down at 1339 GMT

($1 = 10.0319 Swedish crowns)