UPDATE - UBS Downgraded Kimberly Clark (KMB) to Neutral; Challenging Start to 2012
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Price: $108.76 +0.75%
Rating Summary:
9 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
Rating Summary:
9 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
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UPDATE - UBS downgraded Kimberly Clark (NYSE: KMB) from Buy to Neutral. PT cut from $77 to $75.
UBS analyst said, "Weak 4Q: strong Tissue not enough to offset soft Personal Care...Management provided initial 2012 EPS guidance of $5.00-5.15. This is well below consensus. They expect flat sales (tissue restructuring/FX offsetting 3-4% organic growth). They expect neutral inflation/deflation. Currency should be a drag. They expect to repatriate some foreign cash, which should raise the tax rate. We are lowering our estimate to $5.14 from $5.29. We believe KMB’s inflation guidance could prove conservative-we do not expect a steep rebound in pulp pricing."
UBS also lowers FY13 EPS estimate from $5.51 to $5.46.
To see more ratings on KMB, Click Here
UBS analyst said, "Weak 4Q: strong Tissue not enough to offset soft Personal Care...Management provided initial 2012 EPS guidance of $5.00-5.15. This is well below consensus. They expect flat sales (tissue restructuring/FX offsetting 3-4% organic growth). They expect neutral inflation/deflation. Currency should be a drag. They expect to repatriate some foreign cash, which should raise the tax rate. We are lowering our estimate to $5.14 from $5.29. We believe KMB’s inflation guidance could prove conservative-we do not expect a steep rebound in pulp pricing."
UBS also lowers FY13 EPS estimate from $5.51 to $5.46.
To see more ratings on KMB, Click Here
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