UPDATE 1-Folz fails to reassure as PSA dips on profit fears


(Rewrites with Folz comments) MULHOUSE, France, Sept 25 (Reuters) - The head of French carmaker PSA Peugeot Citroen denied on Thursday the company had changed a key 2003 profit target, but failed to halt a slide in its shares amid worries the firm would fall short. Jean-Martin Folz said PSA had not changed its goal for an operating margin in its autos division of at least 3.7 percent this year, but stressed this was "a target not a forecast". His comments followed market rumours that ...

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