From Eureka : "Morgan Stanley rates AWC as Overweight Thursday,...

From Eureka :
"Morgan Stanley rates AWC as Overweight
Thursday, October 13, 2016 - 10:58
The September quarter alumina EBITDA margin fell to US$52/t but Morgan Stanley observes targets for cost reductions have been met or exceeded. Distributions to Alumina Ltd are higher than the broker expected.

The broker notes new bauxite sales contracts have been signed and operations are tracking well. With alumina prices improving in the December quarter and cost savings to be consolidated the broker retains a positive stance on the stock. Overweight rating retained. Target is $1.70. Industry view is Attractive.

Target price is $1.70 Current Price is $1.49 Difference: $0.215
If AWC meets the Morgan Stanley target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $1.39, suggesting downside of -6.7%(ex-dividends)