Japan Hot Stocks-Fast Retailing hits 2-mth low after results disappoint

TOKYO, Oct 12 (Reuters) - The Nikkei averageadvanced 0.3 percent and the broader TOPIX climbed 1percent on Friday morning.

The following stock was on the move:

**FAST RETAILING HITS TWO-MONTH LOW AFTER RESULTS DISAPPOINT**

Fast Retailing Co Ltd sank 9.9 percent to 16,050yen, its lowest in two months after the company's operatingprofit for the year ended August came in below marketexpectations and earnings guidance for this business year fellshort of analysts' forecasts.

In response, Goldman Sachs and J.P. Morgan cut their pricetargets on the operator of casual clothing chain Uniqlo.

Goldman Sachs reduced its price target to 20,500 yen from21,000, although it kept its 'buy' rating. J.P. Morgan loweredits price objective to 15,000 yen from 16,400, but maintainedits 'neutral' rating.

The stock was the second-most traded on the main board byturnover.

0145 GMT

(Reporting by Dominic Lau; Editing by Prateek Chatterjee)

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Keywords: MARKETS JAPAN STOCKS HOT/