UPDATE 3-Honda Q1 profit down but full-year forecast raised


(Recasts, adds buyside comment) By Chang-Ran Kim TOKYO, July 29 (Reuters) - Honda Motor Co , Japan's second-biggest auto maker, raised its full-year forecasts on Tuesday on hopes for better exchange rates, making up for a big fall in quarterly operating profit on a weak dollar and a sales slump at home. Honda racked up record earnings last year along with its rivals, but analysts had warned that a domestic sales slide driven by a lack of new models could severely dilute its ...

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