JPMorgan analyst Andrea Teixeira upgraded shares of Kimberly-Clark (KMB) to Neutral from Underweight and raised her price target to $114 from $90 following yesterday's announcement that the company will increase prices or reduce package counts on key products in North America. The analyst notes that while it remains to be seen if the price increases will "actually hold" given the intensely competitive U.S. market, she believes investors will give Kimberly-Clark shares the benefit of the doubt. Additionally, she tells investors that Procter & Gamble's (PG) commentary that it plans to raise prices on some of its premium paper products and diapers is "supportive" of Kimberly-Clark's ability to pass on higher prices.

Barclays analyst Lauren Lieberman raised the firm's price target on Kimberly-Clark to $136 from $132 and keeps an Equal Weight rating on the shares. The company reported strong Q1 results, both on productivity and volume, the analyst tells investors in a research note.

Deutsche Bank raised the firm's price target on Kimberly-Clark to $139 from $134 and keeps a Hold rating on the shares following the Q1 report.