Ansell Ltd (ANN) $33.91

Personal protective equipment (PPE) business ANN popped +4.5% through yesterday’s session, its best gain in 7 weeks, helped by an upgrade from Jefferies, although the stock is still flat year-to-date as it struggled for direction. Ansell remains confident it can offset the impact of tariffs through price increases, though uncertainty around the Trump administration’s healthcare policies has left some lingering clouds over the sector. The company has so far managed to increase prices to offset tariffs, with the non-discretionary nature of the products supporting acceptance by customers.

• The stocks’ trading on an Est PE of 15.9x which we view as ‘about right’, hence it’s not tempting us, although we do like their pricing power.