Kimberly-Clark price target lowered to $123 from $125 at RBC Capital

RBC Capital lowered the firm’s price target on Kimberly-Clark to $123 from $125 and keeps a Sector Perform rating on the shares. The company’s Q4 results were “muted”, and its 2024 outlook surprised investors to the downside, causing a selloff in the stock, the analyst tells investors in a research note. Volumes for the quarter were in-line and Personal Care also beat expectations, but KCP dragged down the topline and currency impacts from hyperinflationary regions negatively affected earning, the firm added.