Kimberly-Clark price target raised to $140 from $131 at Barclays

Barclays analyst Lauren Lieberman raised the firm’s price target on Kimberly-Clark to $140 from $131 and keeps an Equal Weight rating on the shares. The notion that the company stands to see material gross margin recovery and substantial earnings growth is well understood investors, which explains the relatively muted share price reaction yesterday given the magnitude of the earnings guidance upgrade, the analyst tells investors in a research note.