** Morgan Stanley trims PT for three Australian travel intermediaries, citing headwinds for industry amid increased geopolitical uncertainty
** Cuts PTs on Flight Centre Travel Group FLT.AX to A$16.60 from A$21.50, on Corporate Travel Management CTD.AX to A$15.30 from A$18.30, on Webjet WEB.AX to A$3.40 from A$3.70
** Says corporate customers concerns over heightened uncertainty, impact on leisure demand are valid
** FLT, CTD, WEB fall between 3.5% and 5.6% amid broader global market downturn as sentiment sours on trade war
** S&P/ASX 200 .AXJO sheds 1.5% .AX
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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