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Australia's Ansell slips; Morgan Stanley trims PT on tariff impact concerns

ReutersApr 14, 2025 2:58 AM

Medical gloves and surgical gowns maker Ansell ANN.AX falls 1.3% to A$29.33

Morgan Stanley factors in downside risk due to U.S. tariffs, despite ANN expecting to offset impacts through pricing

Lowers PT to A$33.40 from A$37.20; retains 'equal-weight'

Trims revenue growth for co's Industrial and Healthcare units, citing volume risk given slowing macroeconomic growth

Cuts EPS forecast by 9% in FY26 and 11% in FY27; both below Visible Alpha consensus

YTD, ANN down ~13%

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