Michelin cuts margin goal as rubber rises


PARIS, July 28 (Reuters) - Michelin , the world's largest tyre maker, cut its full year operating profit margin goal in the face of rising prices for rubber and sluggish markets for its products. The French company said on Friday its first half operating income was down 6.2 percent to 644.7 million euros ($821.7 million), below a median analysts consensus of 667 million euros. The company said it now expected a full-year operating margin, before non-recurring items, of close to 8 percent ...

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