UPDATE 1-Australia's Wesfarmers signals $1.6 bln hit on Target, coal

SYDNEY, May 25 (Reuters) - Wesfarmers Ltd,

Australia's biggest company by sales, on Wednesday said it will

take impairment charges totalling up to A$2.2 billion ($1.6

billion) in fiscal 2016 due to poor coal prices and market

conditions at department store Target.

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