UPDATE 3-MAN AG targets over $1 bln operating profit by 2007

Newswire

(Adds CEO comments from analyst meeting, new analyst comment) By Christiaan Hetzner MUNICH, Feb 21 (Reuters) - MAN AG is aiming for operating profit of more than $1 billion by 2007 as part of its efforts to boost returns over the business cycle, the German industrial conglomerate said, sending its shares higher. "A 6 percent operating margin target corresponds to an improvement of more than 300 million euros over the 2004 level," Chief Executive Hakan Samuelsson told reporters on ...

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