UPDATE 1-Honda shares plunge on f'cast revision, rating cut

Newswire

(Adds analyst comments, details, updates share price) TOKYO, Oct 29 (Reuters) - Shares in Honda Motor Co Ltd plunged over 14 percent on Tuesday morning after Japan's second-largest automaker cut its full-year profit target and saw its investment rating lowered by Credit Suisse First Boston. Honda's shares fell over 14 percent to 4,350 yen at one point -- a new year low -- and ended morning trading down 11.07 percent at 4,500 yen. The Nikkei average was down 0.08 percent. The company on ...

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