Kimberly-Clark price target lowered to $137 from $140 at Barclays

Barclays analyst Lauren Lieberman lowered the firm’s price target on Kimberly-Clark to $137 from $140 and keeps an Equal Weight rating on the shares. Within staples, the analyst continues to favor names that have greater visibility to volume growth and those that present more of a relative valuation opportunity. Heading into the Q2 reports, investors are “hard pivoting” away from rewarding margin-driven beats and placing greater emphasis on sales, and specifically volume and performance as pricing moves past its peak, the analyst tells investors in a research note. Barclays is “sticking with names with better volume visibility near term or more idiosyncratic growth stories, for the moment.”