UPDATE 2-PSA Peugeot Citroen H1 profit slides, target cut

Newswire

(Adds analyst comment, share reaction) By Rebecca Harrison PARIS, July 24 (Reuters) - French carmaker PSA Peugeot Citroen posted a slide in first-half profits on Thursday and cut key full-year forecasts due to the strong euro and a slump in demand, particularly in France. Europe's second-biggest carmaker said net profit fell 12 percent to 869 million euros ($991 million) in the first half, just lagging the average forecast of 895 million from 14 analysts polled by Reuters. PSA also ...

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