** Shares of cinema chain operator EVT EVT.AX rise 1.72% at A$15.38
** Morgan Stanley raises price target, views stock as "undervalued"
** Brokerage expects EPS growth at 3-year compound annual growth rate of 12%
** Sees improving box office supply, with wide releases reaching pre-COVID levels by CY26e, marking a ~22% increase from CY24-CY26e
** Consensus underestimates the operating leverage in the cinema business - MS
** EVT stock up 32.9%, as of last close
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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