Piper Sandler Initiates Coverage On Kimberly-Clark with Overweight Rating, Announces Price Target of $146
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Korinne Wolfmeyer has initiated coverage on Kimberly-Clark (NYSE:KMB) with an Overweight rating and set a price target of $146 for the company's stock.
November 17, 2023 | 9:53 am
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Piper Sandler has initiated coverage on Kimberly-Clark with an Overweight rating and a price target of $146, which may influence the stock's performance positively in the short term.
Analyst ratings, especially from reputable firms like Piper Sandler, can significantly impact investor sentiment and stock prices. An Overweight rating suggests that the analyst believes Kimberly-Clark will outperform the average market return. The announcement of a price target above the current market price can lead to increased investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100