UPDATE 2-Nissan shares sink on profit warning, rating cuts

Newswire

(Updates with analyst comments, details, closing price) By Chang-Ran Kim, Asia auto correspondent TOKYO, Feb 5 (Reuters) - Nissan Motor Co. shares lost 8.4 percent to knock $4.7 billion off its market value on Monday after a massive profit warning raised doubts over the automaker's near-term growth prospects and prompted several brokerages to lower their ratings. UBS Securities cut its rating to Reduce 2 from Buy 2, and its price target to 1,300 yen from 1,600 yen, saying the scenario ...

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