RESEARCH ALERT-JP Morgan cuts auto sector outlook


NEW YORK, Feb 28 (Reuters) - JP Morgan Securities Inc. cut its full-year earnings forecasts for General Motors Corp. , Ford Motor Co. and leading automotive parts suppliers on Friday, citing sluggish February U.S. auto sales and expected production cuts in the second quarter. In a research note, JP Morgan said it was lowering its full-year earnings target for GM, the world's largest automaker, by 6.7 percent, to $4.90 per share. It slashed its full-year EPS target for Ford, the No. 2 ...

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