UPDATE 2-BMW denies report of lowered 2005 profit target

Newswire

(Recasts with company maintaining forecast, analyst comment) FRANKFURT, Oct 31 (Reuters) - BMW , the world's largest premium carmaker, reiterated its 2005 profit forecast on Monday after a report cited Chief Executive Helmut Panke as lowering the outlook. "There is no change in our guidance. It remains the same -- profits will be roughly on the same level as last year," a spokesman said. Dow Jones Newswires had quoted Chief Executive Helmut Panke as saying that earnings this year would ...

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