Morgan Stanley reviews stocks under its coverage in the Australia Infrastructure sector prior to the upcoming August reporting season.

For Qube Holdings, the broker forecasts FY23 earnings (EBITDA) of $480m, a rise of 24% on the previous corresponding period. The result is due on August 24.

The Equal-weight rating and $3.16 target are maintained. Industry view: Cautious.

Sector: Transportation.

Target price is $3.16.Current Price is $2.86. Difference: $0.30 - (brackets indicate current price is over target). If QUB meets the Morgan Stanley target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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