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UBS upgrades miners

UBS Warburg has upgraded mining groups Xstrata and Rio Tinto to buy from neutral.

It has a £13.50 price target for Rio Tinto (RIO) and has cut its price target for Xstrata (XTA)by £1 to £6.

The broker has cut its price target for neutral-rated AstraZeneca (AZN) by £2 to £22.

It is cutting its price target on neutral-rated St James' Place by 20p to 125p.

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