0153 GMT - Lynas Rare Earths' FY earnings fall short of consensus expectations on higher ramp-up costs from new facilities, says Morgan Stanley. FY26 Ebitda of A$386.0 million is 4% below consensus. "Higher non-China input costs and geopolitical cost escalation" also hurt earnings, MS says. The bank has an equal-weight rating and A$15.70/share target on Lynas. Shares are down 7.2% at A$15.40.
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