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UPDATE 3-Nippon Steel Q2 profit down, lifts outlook

* Raises 08/09 profit target by 24 pct to 560 bln yen * July-Sept profit falls 13 pct to 118.2 bln yen * Plans 1 mln tonne output cut in H2, 08/09 shipments down 3 pct * Says fears of credit crisis hitting the economy becoming real * Shares end up 2.6 pct after results vs Nikkei's 7.7 pct rise (Adds company comment)