Australia's Accent Group extends gain; UBS, Morgan Stanley raise PTs
** Shares of footwear retailer Accent Group AX1.AX rise as much as 2.8% to A$2.22, building on Thursday's 10.2% jump
** Stock hits its highest level since Feb. 22
** Morgan Stanley raises PT by 25% to A$2.45, while UBS increases it to A$2.20 from A$2.05
** Co forecast FY24 underlying group EBIT of A$123.2 mln-A$125.2 mln ($82.56 mln-$83.90 mln) on Thursday, higher than both Morgan Stanley and UBS estimates
** UBS revises earnings per shares estimates for FY24, FY25 and FY26E by -7.7%, +10.9% and +9.3%, respectively, due to closure costs, higher retail like-for-like sales and EBIT margins
** About 2.6 mln shares change hands, compared with the 30-day average volume of 1.5 mln
** Ten of 12 analysts rate the stock "strong buy" and two "hold"; their median PT is A$2.4 - LSEG data
** Stock had risen 11.3% this year, as of last close
($1 = 1.4923 Australian dollars)
Reporting by Sneha Kumar in Bengaluru
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