0355 GMT - Graphite miner Syrah's Balama plant operations could remain suspended until mid-2025, Macquarie analysts say. They also reckon Syrah's Vidalia active anode material expansion could be delayed to 2H 2026 given the company's balance sheet position and the weak graphite market. Macquarie downgrades its EPS forecasts for Syrah for the next few years and cuts its target on the stock by 19% to A$0.26/share. It retains an outperform rating. Syrah, down 72% year to date, last traded at A$0.18. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
December 18, 2024 22:55 ET (03:55 GMT)
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