In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a gain. At the time of writing, the benchmark index is up 1.2% to 7,739.9 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
Ansell Ltd (ASX: ANN)
The Ansell share price is down is down almost 1% to $29.45. This appears to have been driven by the release of a broker note out of Morgan Stanley. According to the note, the broker has reaffirmed its equal-weight rating on the health and safety products company's shares with a reduced price target of $33.40. The broker highlights that Ansell's sales volumes could be at risk from lower demand amid slower economic growth. While the personal-protective equipment (PPE) manufacturer has said it will offset the impact of tariffs through higher pricing, Morgan Stanley no longer expects revenue to grow at Ansell's industrial business in FY 2026 or FY 2027.
EBR Systems Inc (ASX: EBR)
The EBR Systems share price is down 13% to $1.47. This is despite EBR Systems securing FDA approval for the WiSE CRT System. It is the world's first and only lead-less solution for left ventricular endocardial pacing. The company notes that for the first time, clinicians can deliver cardiac resynchronisation therapy without leads. EBR will initially target a US$3.6 billion addressable market across high-risk upgrade, lead failure, and lead-less CRT expansion categories, with future opportunity to expand into other indications. Management notes that a focused, limited market release will begin in late 2025. A full-scale commercial launch will follow in early 2026. It is possible that this share price weakness is a case of buy the rumour sell the news. The EBR Systems share price is up strongly this year despite today's pullback.
Idp Education Ltd (ASX: IEL)
The Idp Education share price is down 2.5% to $8.83. This is despite there being no news out of the language testing and student placement company. But as one of the most shorted shares on the Australian share market, this sort of decline is nothing new. In fact, its shares are now down 45% over the past 12 months.
Macquarie Group Ltd (ASX: MQG)
The Macquarie Group share price is down 1% to $177.68. This also appears to have been driven by a broker note out of Morgan Stanley. This morning, the broker downgraded the investment bank's shares to equal-weight from overweight and cut its price target 15% to $191.00 from $224.00. Morgan Stanley made the move on the belief that softer sentiment in capital markets, combined with underwhelming renewable asset sales, mean that Macquarie will be unable to pull on several of its best growth levers in FY 2026.
The post Why Ansell, EBR Systems, IDP Education, and Macquarie shares are falling today appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Ansell. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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