Updates with share moves, brokerage comments
** IPH IPH.AX falls 1.3%
** Morningstar lowers IPH's fair value estimate to A$5.30/shr from A$5.60/shr
** Says intellectual property services co would face headwinds from prevailing U.S. trade tensions
** Notes trade tensions could prompt clients to prioritise filing patents in primary markets tied to manufacturing or market access, while scaling back on filings in secondary regions served by co
** Cuts fair value estimate, reflecting anticipated softness in new patent filings over medium-term
** Stock rated "buy" on avg; median PT is A$6.49, per data compiled by LSEG
** IPH down 9.2% YTD
(Reporting by Roshan Thomas and Nikita Maria Jino in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))