Deutsche Bank upgraded Kimberly-Clark to Hold from Sell with a price target of $123, up from $122. The analyst continues to view the operating environment as challenging for Kimberly-Clark given that the firm sees elevated risks of share loss and/or increasing promotional intensity relative to peers. However, fiscal 2023 earnings expectations have now been reset considerably lower, the analyst tells investors in a research note. The firm sees fiscal 2023 expectations as reasonable and the Q1 setup as carrying lower negative catalyst risk.
Published first on TheFly
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- Kimberly-Clark initiated with a Sell at Citi
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- Kimberly-Clark price target lowered to $122 from $124 at Deutsche Bank
- Kimberly-Clark price target lowered to $125 from $135 at Wells Fargo
- Kimberly-Clark sees FY23 EPS up 2%-6% versus FY22 adjusted EPS
