** Shares of Stockland SGP.AX rise as much as 4.2%, biggest intraday gain since Aug. 23; last up 2.3% at A$4.93
** Morgan Stanley raises PT for the real estate developer to A$6.50 from A$6.35 and maintains "overweight" rating
** Says SGP's acquisition of 12 communities in 2024 could boost land lease business; estimates pipeline could almost double, adding ~7% to medium-term EBIT
** 5 analysts rate SGP "buy" or higher, 3 "hold" and 1 "sell"; median PT is A$5.55 – LSEG data
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
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