Citigroup Maintains Sell on Kimberly-Clark, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Sell rating on Kimberly-Clark (NYSE:KMB) but raises the price target from $111 to $125.
April 24, 2024 | 6:17 pm
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Citigroup maintains a Sell rating on Kimberly-Clark but increases the price target from $111 to $125.
The adjustment in price target by Citigroup, despite maintaining a Sell rating, suggests a nuanced view on Kimberly-Clark's valuation. The increase in price target could imply that Citigroup sees some positive aspects in Kimberly-Clark's future prospects or financial health, but overall remains bearish. This could lead to mixed reactions in the short term, as investors weigh the Sell rating against the higher price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90