UPDATE 1-CSFB ups Honda rating to "outperform"


(Updates with details) TOKYO, April 30 (Reuters) - Credit Suisse First Boston (CSFB) said on Wednesday it had raised its investment rating on Honda Motor Co to "outperform" from "neutral", adding that shares in Japan's second-largest auto maker had been oversold. The rating change comes after Honda last week reported a 7.8 percent rise in operating profit to a record 689.45 billion yen ($5.75 billion) in 2002/03, better than the company's estimate of 660 billion yen. For 2003/04, Honda ...

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