Kimberly-Clark price target raised to $115 from $110 at BofA

BofA raised the firm’s price target on Kimberly-Clark to $115 from $110 and keeps an Underperform rating on the shares following a Q1 organic sales beat as volume returned to growth. 2024 guidance was increased, though to a lower extent than the beat, notes the analyst, who views Kimberly-Clark as in the early days of a potential turnaround as the company begins to execute on volume growth, cost savings, and market share gains.