Kimberly-Clark price target raised to $134 from $132 at UBS

UBS analyst Peter Grom raised the firm’s price target on Kimberly-Clark (KMB) to $134 from $132 and keeps a Neutral rating on the shares. Kimberly-Clark’s quarter was mixed/disappointing as weaker gross margin led to a bottom line miss, but the company did deliver stronger, volume-driven organic sales growth relative to Street expectations, with initial FY25 guidance coming in better-than-feared and broadly in-line with consensus estimates, the analyst tells investors in a research note. From here, Kimberly-Clark is somewhat of a “show-me” story, the firm says.