UBS: CEO change at Ansell poses risks to investors.

UBS analyst David Low said that the replacement of the CEO of Ansell is the main risk facing investors of this personal protective equipment manufacturer. He believes that this Australian-listed company has already benefited substantially from its 2024 acquisition of the Kimberly-Clark personal protective equipment business and productivity improvement initiatives, and he stated that he will "look for evidence to prove the company has a reliable path to sustained organic growth." He added that Ansell has been struggling in recent years to achieve this goal. Low stated that the stock appears to have valuation support, but short-term catalysts are limited. He is waiting for CEO Nathalie Ahlstrom to provide a clearer outline of strategic focus. UBS has lowered its target price by 1.1% to 35.60 Australian dollars and maintains a neutral rating on the stock, which fell by 0.2% to 32.41 Australian dollars.