JP Morgan Maintains Underweight on Kimberly-Clark, Raises Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Underweight rating on Kimberly-Clark (NYSE:KMB) and raises the price target from $115 to $123.
April 24, 2024 | 3:04 pm
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JP Morgan analyst Andrea Teixeira maintains an Underweight rating on Kimberly-Clark but raises the price target from $115 to $123.
While the Underweight rating suggests a cautious outlook on Kimberly-Clark's stock, the increase in price target from $115 to $123 indicates a slightly more positive view on the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the increased valuation estimate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100