RBC Capital upgraded Kimberly-Clark to Outperform from Sector Perform with a price target of $165, up from $126. The firm says there is not a specific catalyst driving the upgrade, “just some traditional re-evaluation of an investment thesis underpinned by a lot of work.” The analyst now believes Kimberly-Clark’s long-term targets. It views the company’ re-organization into three business units consisting of North America, International Personal Care, and International Family and Professional as the right move for the business.
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Read More on KMB:
- 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
- Kimberly-Clark price target raised to $139 from $134 at Deutsche Bank
- Kimberly-Clark price target raised to $150 from $146 at HSBC
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