Following Syrah Resources' 1Q25 production result showing reduced operating expense at the Vidalia facility, Morgan Stanley revised lower forecasts for cost and interest expenses.

This led to an upgrade to FY25-26 EPS forecasts.

Equal-weight. Target rises to 22c from 20c.

Sector: Materials.

Target price is $0.22.Current Price is $0.25. Difference: ($0.03) - (brackets indicate current price is over target). If SYR meets the Morgan Stanley target it will return approximately -14% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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