Australia's Catapult Sports climbs; Morgan Stanley raises PT on IMPECT acquisition

** Shares of Australia's Catapult Sports CAT.AX rise as much as 6.4% to A$7.70, their highest level since October 7

** Analysts at Morgan Stanley raise price target for CAT to A$7.90 from A$6, keeps "overweight" rating

** Morgan Stanley says Catapult Sports' acquisition of German soccer analytics firm IMPECT to provide strong strategic alignment and solid growth momentum

** Sports technology firm to buy IMPECT for up to $91 million, with $46 million upfront

** MS adds sustainted annual contract value acceleration and free cash flow generation under CAT's ownership are crucial

** Acquisition to be funded through A$130 million ($84.66 million) placement at A$6.68 per share, a 7.7% discount to CAT's last close

** CAT stock up 99.7%, YTD

($1 = 1.5356 Australian dollars)