2113 GMT - Ansell loses its bulls at Jefferies despite the protective-garment manufacturer's success with its US$640 million acquisition from Kimberly-Clark. Analysts Vanessa Thomson and David Stanton cut their recommendation on the stock to hold from buy, telling clients in a note that it is trading at an 11% premium to its 10-year average price-to-earnings despite the prospect of moderating sales growth. That said, they are positive on Ansell's productivity and acquisition programs, pointing out that the former Kimberly-Clark unit is on track to be fully integrated by the end of its current fiscal year. Jefferies raises its target price 7.7% to A$42.00. Shares are at A$37.77 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 16:13 ET (21:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。