BUZZ-Australia's Data#3 rises as Morgan Stanley positive on long-term outlook

Reuters
01-15
BUZZ-Australia's Data#3 rises as <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> positive on long-term outlook

** Shares of Data#3 DTL.AX rise 1.4% to A$6.43

** Morgan Stanley maintains "overweight" rating for the IT services and solutions provider due to its strong competitive position, robust outlook, and history of strong EPS growth

** Sees some near-term headwinds for co, but long-term intact

** Looking out for more "colour in incentive impact" in February interim results to see what co can do to mitigate headwind and further close 'net' gap, and what time frames - Morgan Stanley

** Two of eight analysts rate the stock "buy" and six "hold"; their median PT is A$7.99 – according to data compiled by LSEG

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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