0359 GMT - Ansell's near-term profitability could take a hit from U.S. tariffs on countries where it manufactures most of its personal-protective equipment, Barrenjoey analysts say. They point out that the Australia-listed company derives about 68% of its production from Sri Lanka and Malaysia, both of which have been specifically targeted by the Trump administration. They acknowledge that they don't have much information on Ansell's ability to pass through costs to customers, but estimate that their fiscal 2026 net profit forecast could fall by between 9% and 28% if Ansell passes on between 25% and 75%. Barrenjoey has a neutral rating and A$36.20 target price on the stock, which is down 14% at A$29.42. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 02, 2025 23:59 ET (03:59 GMT)
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