UPDATE 3-Valeo profits climb, margin rise boosts shares


(Edits throughout, adds targets, shares, quotes) By Rebecca Harrison PARIS, April 23 (Reuters) - Europe's largest listed car parts maker Valeo posted a forecast-lagging 10 percent rise in first-quarter net profit on Wednesday, but its shares edged higher as investors cheered brighter profit margins. Valeo said in a statement that net profit in the first three months climbed to 22 million euros from 20 million previously, well below a consensus forecast for 37 million euros due to ...

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