RESEARCH ALERT-African Rainbow Minerals: ABSA Capital raises target price

Jan 10 (Reuters) - :

* African Rainbow Minerals Ltd ARIJ.J : ABSA Capital raises target price to

215 rand from 210 rand; rating overweight

* Arcelormittal South Africa Ltd ACLJ.J : ABSA Capital raises target price to 36 rand from 30 rand; rating underweight

* Exxaro Resources Ltd EXXJ.J : ABSA Capital cuts target price to 140 rand

from 145 rand; rating equalweight

* Kumba Iron Ore Ltd : ABSA Capital cuts target price to 435 rand from 470 rand; rating equalweight

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