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BUZZ-Vedanta Resources: Up on Deutsche Bank target price raise

Reuters - UK Focus

** Diversified natural resources producer's stock up 3.2 pct after Deutsche Bank (Xetra: 514000 - news) raises target price to 800p from 740p, keeps "buy" rating

** Deutsche cites lower costs at the company's Zambian copper unit and the decreased tax on iron ore exports in India for increase

** Vedanta (BSE: SSLT.BO - news) reported FY results on Thursday, and took a $4.5 bln impairment charge on its oil and gas unit

** Of 15 brokerages covering the co, 6 have a rating of "buy" or higher, 8 having a rating of "hold", and 1 has a rating of "sell" (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)