RESEARCH ALERT-CSFB cuts Honda rating to neutral from outperform

Newswire

TOKYO, Oct 29 (Reuters) - Credit Suisse First Boston said on Tuesday it has cut its investment rating on Honda Motor Co to "neutral" from "outperform" after Japan's second-largest automaker cut its profit outlook for 2002/03. After the stock market closed on Monday, Honda reported a record group operating profit for the April-September first half of 323.87 billion yen ($2.63 billion), slightly below the consensus forecast of analysts. Honda also cut its full-year profit target due to a ...

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