Ansell's new chief executive is likely to be conservative when she gives annual guidance for the first time next month, UBS analysts reckon. The investment bank's analysts tell clients in a note that the personal-protective equipment maker has executed well on pricing to offset U.S. tariff impacts and higher freight and input costs, but see the outlook for fiscal 2027 as more uncertain. With demand mixed and various cost trends diverging, they think that Chief Executive Nathalie Ahlstrom will provide a wide EPS guidance range. UBS lowers its target price on the stock by 3.5% to 34.35 Australian dollars and maintains a neutral rating. Shares are down 1.3% at A$32.13. (stuart.condie@wsj.com)