Kimberly Clark (KMB) PT Lowered to $112 at TD Cowen

TD Cowen analyst Robert Moskow lowered the price target on Kimberly Clark (NASDAQ: KMB) to $112.00 (from $130.00) while maintaining a Hold rating.

The analyst comments "We lower our PT to $112/share and maintain Hold on Kimberly-Clark following their acquisition announcement of Kenvue. KMB stock fell 14% on the news, but not fully de-risked, in our view, given the significant unknowns of Tylenol and UK talc litigation, the difficult work ahead to stabilize the declining Kenvue business, and the complexity of the combined enterprise."

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