Following September quarter results for Oz Minerals, Morgan Stanley lowers its target price to $23.20 from $23.50. This comes as copper grades at Carrapateena were lower and mining grades and tonnages were also lower at Prominent Hill.

The Equal-weight rating is unchanged. Industry view: In-Line.

Sector: Materials.

Target price is $23.20.Current Price is $24.95. Difference: ($1.75) - (brackets indicate current price is over target). If OZL meets the Morgan Stanley target it will return approximately -8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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