** 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%

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))