Wells Fargo lowered the firm’s price target on Kimberly-Clark to (KMB) $110 from $129 and keeps an Equal Weight rating on the shares. The firm notes the company intends to acquire Kenvue (KVUE) in a stock and cash deal valued at $48.7B. Kimberly-Clark’s stock reaction was historically negative, reflecting a material change in the investment case, risks associated with Kenvue, and needed execution on big synergy targets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMB:
- Kimberly-Clark price target lowered to $110 from $129 at Wells Fargo
- Kimberly-Clark’s Acquisition of Kenvue: Balancing Strategic Potential with Execution Risks and Market Concerns
- Kimberly-Clark downgraded to In Line from Outperform at Evercore ISI
- Others may be interested in Kenvue if visibility improves, says Jefferies
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!