Kimberly-Clark de Mexico price target lowered by MXN 3 at HSBC, here’s why

HSBC lowered the firm’s price target on Kimberly-Clark de Mexico to MXN 38 from MXN 41 and keeps a Hold rating on the shares. The firm says that the consistent recovery in the past quarters is likely to slow given potential fiber cost pressure. But a strong balance sheet and continued capital returns are likely to limit further downside, it adds.