TD Cowen downgraded Kimberly-Clark (KMB) to Hold from Buy with a $145 price target While the firm maintains conviction in the company’s path to gross margin expansion over the medium term, it expects less expansion in 2025 as the favorable tailwinds from commodity cost deflation in pulp and paper are beginning to reverse, the analyst tells investors. The firm, which thinks a lower valuation multiple is warranted for the volatility of its organic growth profile, lowered its 2025 organic growth estimate to 2.0%, versus the consensus at 2.3%.
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Read More on KMB:
- Kimberly-Clark downgraded to Hold from Buy at TD Cowen
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