Kimberly-Clark price target raised to $146 from $134 at HSBC

HSBC analyst Alejandro Zamacona raised the firm’s price target on Kimberly-Clark to $146 from $134 and keeps a Hold rating on the shares following the investor day. The company’s new long-term algorithm is ahead of market expectations, potentially triggering upward estimate revisions, the analyst tells investors in a research note. The firm sees the next chapter of Kimberly-Clark’s strategic transformation leading to productivity cost savings.