BUZZ-Citi ups PT for Australia's Ansell on strong HY earnings

Reuters
02-11
BUZZ-Citi ups PT for Australia's Ansell on strong HY earnings

** Citi raises price target for Ansell ANN.AX to A$38 from A$32.50

** Co's 1H25 adjusted basic EPS of 55.7 US cents was 9% above VA consensus

** ANN increased FY25 adjusted EPS forecast to a range of 118 US cents to 128 US cents, from 110 US cents to 127 US cents, while reporting its FY earnings

** Citi upgrades FY25-27 adj basic EPS estimates by 3%-6% on higher revenue, but lower margin expectations

** "In FY26 EPS growth will likely be reliant on organic growth and ANN's ability to sustain the cost savings" — Citi

** Citi says co's H2 earnings growth will likely be driven by the annualization of the co's recently acquired KBU business and the benefits from the cost saving program

** Stock up 11.7% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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