2340 GMT - Australia's Ansell could face intensifying competition while it implements changes to its sourcing and pricing agreements, Jefferies analysts say. They tell clients in a note that it will take time for the personal-protective equipment manufacturer to implement its response to U.S. tariffs. Writing prior to Ansell's announcement that it will hike its U.S. prices to offset tariff impacts, the Jefferies analysts observe that the company has greatest pricing power in categories where it has leading market share. They also reckon that Ansell has flexibility with outsourced products to pull supply from lower-tariffed countries. Jefferies has a last-published hold rating and A$42.00 target price on the stock, which is up 3.75% at A$30.44. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 19:40 ET (23:40 GMT)
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