** Jewellery retailer Lovisa Holdings LOV.AX rises 7.6% to A$29.24, highest since Jan. 8
** Morgan Stanley ups PT to A$32.0 from A$28.50
** Sees upside risk to FY25-26 results as co's store growth began accelerating again
** Co added 28+ net stores in January 2024 alone, more than H1 FY25's 21+ net stores
** MS sees higher scaling to improve earnings margins
** Upgrades to "overweight" from "underweight"
** Stock rated "buy" on avg; median PT is A$27.25 – LSEG
** LOV rose 23.3% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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