Morgan Stanley lowered the firm’s price target on Kimberly-Clark (KMB) to $125 from $144 and keeps an Equal Weight rating on the shares after the company announced an agreement to acquire Kenvue (KVUE). The firm understands the pullback in shares given a large degree of execution risk with the deal and uncertainty on Kenvue’s portfolio, and the analyst is lowering the firm’s target to reflect higher risk from the deal and execution uncertainty, though it sees “the glass as more half full” on Kimberly-Clark’s stock after the pullback, the analyst tells investors.
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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
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