** Shares of outdoor clothing retailer KMD Brands KMD.NZ, KMD.AX fall 1.4% to NZ$0.355
** Stock set for its worst weekly drop in more than a month, if losses hold
** Morgan Stanley revises estimates and price target for KMD after co's interim results came ahead of pre-guidance
** However, the start to the second half was mixed, with DTC sales showing varied growth, wholesale accounts remaining cautious, and short-term gross margin percentage pressure due to increased competition - MS
** Brokerage revises EBITDA forecasts, with a cut of 40% in FY25E, 18% in FY26E, and 3% in FY27E
** Maintains an "equal-weight" rating, trims PT of ASX-listed shares to A$0.35 from A$0.50
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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