** Shares of engineering services provider Tasmea TEA.AX drop as much as 2.5% to A$4.485

** Analysts at Morgans raise target price for co to A$5.4 from A$5, maintain "buy" rating on stock

** Co said on Wednesday it will buy WorkPac, a private workforce solutions co, for A$60.7 million ($39.13 million)

** "WorkPac gives TEA a deeper labour pool which will be helpful in a tight market as it endeavours to self-perform all its services. This has the capacity to positively impact margins," Morgans says

** Brokerage increases EBIT forecasts by +15-16% andEPS forecasts by +5-6% for FY27 and FY28

** Two of three analysts rate the stock "buy" or higher, one "hold"; their median PT is A$5.35, according to data compiled by LSEG ** YTD, Tasmea stock has climbed 45.7%

($1 = 1.5511 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com ))