UPDATE 1-UBS cuts price targets on U.S. auto stocks on weak demand


* Says a key indicator of auto demand shows weakness * Says lowering auto sales and production estimates Sept 20 (Reuters) - UBS lowered its U.S. auto sales and production estimates to reflect weak demand in the sector and cut price targets on several auto stocks, including Ford and GM . Economic uncertainty and supply shortages from Japan show weakness in the University of Michigan conditions for buying new vehicles -- an indicator of auto demand based on a consumer confidence index, ...

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