2202 GMT - Ansell's second-half earnings growth looks likely to be driven by its acquisition from Kimberly-Clark and cost benefits, Citi analyst Mathieu Chevrier writes in a note. He tells clients that about two thirds of the protective-garment manufacturer's fiscal first-half Ebit growth stemmed from the assets acquired from Kimberly-Clark on July 1. The assets are performing better than expected and their integration is ahead of schedule, which Chevrier observes will lead to some cost synergy in the June half. Citi lifts its target price 17% to A$38.00 and keeps a neutral rating on the stock, which is at A$37.77 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 17:03 ET (22:03 GMT)
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