** Jefferies reduces its production forecast for Australian uranium producer Paladin Energy's PDN.AX Langer Heinrich mine in Namibia following the suspension of mine after flash flooding

** Jefferies says full-year production forecast is decreased to 2.8 million pounds, lower than the company's guidance of 3 to 3.6 million pounds and Visible Alpha Consensus estimate of 3.2 million pounds

** Brokerage notes that acceleration of fresh ore mining is unlikely, and there could be further delays from the expected timeline of the June quarter

** However, any resolution to the current disruption in Namibian uranium supply could alleviate recent financial institution selling pressures, says Jefferies

** Scenario analysis by Citi indicates a potential worst-case impact of a 2.1% drop in net present value

** Jefferies reiterates 'buy' rating with a revised price target of A$8.50, down from A$9

** Stock down 13.2% YTD

(Reporting by Kumar Tanishk in Bengaluru; Editing by Nia Williams)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))