Kimberly-Clark price target raised to $125 from $111 at Citi

Citi analyst Filippo Falorni raised the firm’s price target on Kimberly-Clark to $125 from $111 and keeps a Sell rating on the shares. The company reported strong Q1 results and raised 2024 guidance across the board, the analyst tells investors in a research note. However, the firm remains cautious on Kimberly-Clark’s ability to increase prices over the medium-to longer-term outside of Argentina given its category exposure and private label penetration.