Updates with share moves
** Shares of Australia's HMC Capital HMC.AX falls as much as 2.3% to A$5.87, lowest level since late January 2024
** Stock set for ninth straight session of losses, if trend holds
** Morgan Stanley analysts cut PT to A$7.35 from A$12.21, reflecting more conservative assumptions about assets under management growth; keeps "equal-weight" rating
** New PT represents an upside of 22.3% to stock's last close
** Lowers FY25 earnings per share estimate for diversified asset manager by 12% on co reducing FY25 pre-tax EPS position to 70 Australian cents
** Five of nine analysts rate the stock "buy" or higher, three "hold" and one "sell" or lower; their median PT is A$10.70 - data compiled by LSEG data
** Stock has declined over 39% so far this year
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
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