UPDATE 1-Renault keeps margin target despite higher costs


(adds details on results) By Marcel Michelson PARIS, July 27 (Reuters) - Renault , Europe's fourth-largest carmaker, reported a 2.7 percent operating margin for the first half of 2006 on Thursday, beating expectations of a margin of 2.5 percent. Citing strong headwinds and higher raw material costs, France's Renault stuck to its full-year target of an operating margin of 2.5 percent but raised the expected impact of higher raw materials costs to 350 million euros from 250 million. ...

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