** Shares of CSL CSL.AX rise as much as 1.8% to A$178.47, set to snap two straight sessions of losses
** Morgan Stanley sees a favourable medium- to long-term outlook in demand for immunoglobulin (Ig), a component found in blood plasma
** Notes distributed volume of Ig in the U.S. has increased strongly over time, with high single-digit annual growth recorded over the past 3, 10 and 15 years
** Brokerage sees headroom for growth in the U.S. across various therapies, including cell therapy; also sees scope for increased in ex-U.S. markets
** MS sees potential for Ig outlook alongside yield initiatives to support a gross margin recovery for CSL Behring, co's plasma segment
** Brokerage retains "overweight" tag, price target A$248
** Stock down 37.3% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))