UPDATE 2-Peugeot-Citroen misses target, cuts outlook

Newswire

(Adds analyst comment, CEO quote) By Marcel Michelson PARIS, July 26 (Reuters) - PSA Peugeot Citroen missed its operating margin target for the first half of 2006 and reduced its outlook for the second half due to higher raw material prices, the French car group said on Wednesday. The car maker with the second-largest market share in Europe has now issued three profit warnings over the past 12 months but chief executive Jean-Martin Folz said there was no reason to change tack. "The ...

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