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Construction material manufacturers face a tough year, says Morgan Stanley (NYSE:MS), amid soaring energy costs, the largest expenditure for companies in the sector. CRH PLC (LSE:CRH), Breedon Group Plc (AIM:BREE), HeidelbergCement, Holcim and Buzzi Unicem are listed in the note with target prices downgraded 21% on average, and underlying earnings for the year now forecast 9% below consensus.
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