BUZZ-Playtech: jumps on short-term recommendation from MS

** Online gaming co Playtech (LSE: PTEC.L - news) up c.5 pct, top FTSE-250 riser in robust volume

** Traders cite short-term trade recommendation from Morgan Stanley on the stock

** Morgan Stanley (Xetra: 885836 - news) , who has a "Buy" rating on Playtech with PT of 1030p, expect strong double-digit revenue growth to continue into Q2

** "We believe the share price will rise relative to the industry over the next 60 days," MS says

** Company will report H1 results on Aug 27

** On Aug. 19, shareholders will vote on the proposed acquisition of Plus500 (Stuttgart: P55.SG - news) and Ava Trade

** Broker estimates that completion of both transactions would enhance EPS by c.40 pct in 2016

** Another trader says Playtech is getting preference over bookmaker Ladbrokes (LSE: LAD.L - news) , downgraded by Jefferies and HSBC on Thursday

** Jefferies cuts Ladbrokes' rating to "underperform" from "hold", PT at 90p vs 110p while HSBC cuts PT to 110p from 125p

(RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)