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HSBC has set a target of 710p for Royal Mail shares – some 215% more than the delivery service company's initial public offering starting price. Royal Mail shares closed at 571.75p on 20 March. HSBC's price target for the newly public stock will come as a blow to Britain's business secretary Vince Cable, who is under fire for pricing Royal Mail at 330p in the first place. By the end of 2013 …
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