2336 GMT - Ansell loses its bull at Macquarie despite the protective-glove manufacturer's confidence that it can offset the impact of U.S. tariffs through price rises. Telling clients that they prefer to be safe than sorry, Macquarie analysts lower their recommendation to neutral from outperform on skepticism that Ansell can fully offset the impact in this way. They think that higher prices could offset 75% of the tariff hit, warning in a note that macroeconomic headwinds for Ansell's industrial customers may be a bigger problem for earnings. Macquarie cuts its target price 23% to A$31.05. Shares are at A$29.39 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 19:36 ET (23:36 GMT)
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