In a preview of results due on August 25, Morgan Stanley notes that companies like Adbri, with domestic manufacture competing against imported alternatives should fare well.

The analyst expects first half profit of $57m and a dividend of 6 cents. The broker maintains its Equal-weight rating and $3.30 target. Industry view: Cautious.

Sector: Materials.

Target price is $3.30.Current Price is $3.84. Difference: ($0.54) - (brackets indicate current price is over target). If ABC meets the Morgan Stanley target it will return approximately -16% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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