Kimberly-Clark Gets A Double Upgrade By This Analyst: 'Gross Margins Could Reach 40% By 2030'
Portfolio Pulse from Priya Nigam
Kimberly-Clark Corp (NYSE:KMB) received a double upgrade from analysts, with expectations of gross margins reaching 40% by 2030. The company's volumes have shown improvement, and it is poised for market share gains, particularly in the premium tier and in China.
June 13, 2024 | 4:08 pm
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Kimberly-Clark received a double upgrade from analysts, with a new price target of $160. The company is expected to achieve gross margin expansion to 40% by 2030, driven by volume improvements, cost reductions, and market share gains.
The double upgrade and raised price target indicate strong analyst confidence in Kimberly-Clark's future performance. The expected gross margin expansion and market share gains, particularly in the premium tier and in China, are positive indicators for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100