Kimberly Clark (KMB) PT Raised to $152 at Piper Sandler

Piper Sandler analyst Korinne Wolmeyer raised the price target on Kimberly Clark (NYSE: KMB) to $152.00 (from $145.00) while maintaining an Overweight rating.

The analyst commented, "We continue to view KMB as an attractive investment, following the company's investor day earlier today, in which management announced a new operating model and cost savings plan, as well as longer term growth targets ahead of expectations. We're being prudent as we update our model and allow for these efforts to materialize, but even so, feel confident in KMB being able to deliver the ~3%+ annual top line growth and DD annual returns management is pointing to. We view today's meeting as a strong stepping stone in re-building investor confidence, and with shares only up ~1% today, we see a nice buying opportunity. Our PT moves to $152 from $145."

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