0106 GMT - Catapult Sports' bulls at Morgan Stanley say that the athletic-tech provider's acquisition strategy looks lower risk after it integrated and grew two businesses in its last fiscal year. They point to Catapult's success with its Impect and Perch units, telling clients in a note that they particularly like the potential for cross-sell opportunities across the Australia-listed company's installed base of professional teams. They say both units are growing well even as Catapult delivers organic growth in its core business. Strong growth, expanding margins and free cash flow generation all support a continued overweight rating on the stock. MS raises its target price by 4% to 5.20 Australian dollars. Shares are up 3.2% at A$3.50. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 20, 2026 21:06 ET (01:06 GMT)

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