RBC Capital raised the firm’s price target on Kimberly-Clark to $125 from $118 and keeps a Sector Perform rating on the shares. The company’s performance this quarter was "undeniably impressive" with significant top and bottom line beats and gross margin expansion, the analyst tells investors in a research note. RBC adds that the Q1 earnings beat was driven by strong net price realization, better than expected elasticities, and stabilizing commodity costs.
Published first on TheFly
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