At the AGM, Iluka Resources has noted there are no disruptions to operations so far. Guidance has been withdrawn, given the potential for the pandemic to affect demand.

There is a high degree of certainty for rutile and synthetic rutile revenue streams because of take-or-pay offtake agreements, the broker points out.

Morgan Stanley retains an Equal-weight rating and $10.05 target. Industry view: In Line.

Sector: Materials.

Target price is $10.05.Current Price is $7.62. Difference: $2.43 - (brackets indicate current price is over target). If ILU meets the Morgan Stanley target it will return approximately 24% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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