Honda shares plunge on f'cast revision, rating cut


TOKYO, Oct 29 (Reuters) - Shares in Honda Motor Co Ltd plunged over 14 percent on Tuesday morning after Japan's second-largest automaker cut its full-year profit target and saw its investment rating lowered by Credit Suisse First Boston. Honda's shares fell over 14 percent to 4,350 yen at one point -- a new year low -- and at 0056 GMT were down 11.46 percent at 4,480 yen. The Nikkei average was down 0.68 percent. Honda said on Monday it expected group operating profit for the year to ...

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