0223 GMT - Life360's bulls at Morgan Stanley don't read much into third-party data suggesting strong September-quarter usage of its location app. MS analysts acknowledge that data from analytics provider Sensor Tower look positive for dual-listed Life360's monthly active user growth, but point out that it has provided only limited value in the past for forecasts. The analysts tell clients in a note that they view any signals as directional only, and interpret the read-through with caution. MS has an unchanged overweight rating and US$65.20 target price on the U.S. stock, which closed down 2.9% at US$42.55. Life360's ASX-listed stock is up 0.3% at A$20.37.
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