WRAPUP 3-Honda, Renault face waning demand after good quarter


* Honda Q1 op profit Y234.4 bln vs consensus Y138.3 bln * Renault H1 recurring op profit 780 mln eur, 4 pct of sales * Honda lifts FY op profit forecast 12.5 pct to 450 bln yen * Michelin H1 margin record 9.8 pct; targets 9 pct for FY * Renault shares rise 1.6 pct (Adds comments, updates shares) By Chang-Ran Kim and Helen Massy-Beresford TOKYO/BOULOGNE-BILLANCOURT, July 30 (Reuters) - Honda Motor Co and Renault joined their rivals in reporting strong results for the quarter to ...

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