** Shares of Australia's JB Hi-Fi JBH.AX gain 0.8% after rising about 1.5% to A$101.21 earlier in the day
** Analysts at Morgan Stanley remain positive on the stock, reflecting the firm's sales growth on higher volumes
** Morgan Stanley says the weak Australian dollar will not affect JBH specifically and could impact retailers across the sector
** Brokerage adds that co's promotional activity is more maintained than increased with the firm making sure they are not behind in the discount activity in the retailing market
** MS has an "underweight" rating on stock and PT of A$69.2
** Three of 14 analysts rate the stock "buy" or higher, eight "hold" and three "sell"; their median PT is A$91 – according to data compiled by LSEG
** JB Hi-Fi stock has gained 8.3%, YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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