Kimberly-Clark price target raised to $126 from $123 at RBC Capital

RBC Capital raised the firm’s price target on Kimberly-Clark to $126 from $123 and keeps a Sector Perform rating on the shares. The company reported a “solid” quarter as volumes inflected positive and pricing came in higher than anticipated, the analyst tells investors in a research note. Kimberly-Clark’s beat on organic growth was also supported by early productivity savings from its new Integrated Margin Management strategy, which led to margin strength and ultimately a beat on earnings, the firm added.