UPDATE 4-Peugeot-Citroen misses target, cuts outlook


(Adds comments from CEO and analysts, updates share price) By Marcel Michelson PARIS, July 26 (Reuters) - PSA Peugeot Citroen missed its operating margin target for the first half of 2006 and reduced its second-half outlook due to higher raw material prices, sending its shares to a more than two-year low. The French company, which has the second-largest market share in Europe, has now issued three profit warnings over the past 12 months. Chief Executive Jean-Martin Folz said he was ...

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