Adbri Limited upgraded to Hold from Underperform at Jefferies

Jefferies upgraded Adbri Limited to Hold from Underperform with a price target of A$2.30, up from A$1.40, as the firm updates its forecasts for its renewed macroeconomic activity assumptions. New macroeconomic forecasts and pricing assumptions lead the firm to raise its earnings forecasts “significantly across the forecast period,” the analyst tells investors.