Kimberly-Clark price target raised to $136 from $129 at UBS

UBS analyst Peter Grom raised the firm’s price target on Kimberly-Clark to $136 from $129 and keeps a Neutral rating on the shares ahead of the Q4 earnings report on January 26. The set-up heading into the print is "tricky" given the wide range of potential outcomes for 2023 guidance and valuation that remains expensive vs. historical averages, Grom tells investors in a research note. While the analyst sees room for gross margin recovery on the horizon, it is unclear how much of the profitability improvement will flow to the bottom line.