BofA double upgraded Kimberly-Clark to Buy from Underperform with a price target of $160, up from $115. After Kimberly-Clark’s volume inflection in Q1 following two years of volume declines, the firm sees the start of a longer-term improvement taking hold, the analyst tells investors. The firm sees a favorable set-up as Kimberly-Clark begins to break the correlation between pulp and energy inputs with gross margin and increases market share following a challenging 2023, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMB:
- Best Buy upgraded, Target initiated: Wall Street’s top analyst calls
- Kimberly-Clark upgraded to Outperform from Sector Perform at RBC Capital
- Kimberly-Clark appoints Patricia Corsi as Chief Growth Officer
- Kimberly-Clark Declares Quarterly Dividend
- Kimberly-Clark price target raised to $136 from $132 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com