HSBC Maintains Hold on Kimberly-Clark, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Alejandro Zamacona has maintained a Hold rating on Kimberly-Clark (NYSE:KMB) and increased the price target from $146 to $150.

April 24, 2024 | 4:52 pm
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HSBC maintains a Hold rating on Kimberly-Clark and raises the price target to $150.
The adjustment in price target by HSBC reflects a positive outlook on Kimberly-Clark's valuation, albeit with a cautious stance as indicated by the Hold rating. This suggests that while HSBC sees some upside potential in KMB's stock price, it also advises caution, possibly due to market conditions or company-specific factors not detailed in the news. The increase in price target can be seen as a modest endorsement of Kimberly-Clark's financial health or growth prospects, but the Hold rating tempers expectations for significant short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100